Many years ago … Amid ongoing concerns over a dozen years of growth preceding the crisis, seem to be those responsible for making monetary decisions a paradise on earth. Then they almost nowhere to be mistaken. They were walking on the heels of such giants as Paul Volcker, who in the 80′s. successfully defeated the Great Inflation by restrictive monetary policy and restore confidence to the central bank.
Gold prices begin to fall against the investors’ move to high technology markets. The price of gold futures for delivery in June, today on the basis of trading on COMEX has fallen to 7.70 dollars or 0.6% to the value of 1220.80 dollars per troy ounce.
The U.S. dollar was trading on Tuesday without specific direction, resulting in his position virtually unchanged against other major currencies. When the pair EUR / USD stays below the 1.2000, the pair GBP / USD short-term fell below 1.4400, while the pair USD / CHF was lower than 1.1600. Japanese yen is stable against other currencies. When the pair USD / JPY is trading above a mark 91.00, while the pair EUR / JPY is consolidated in the region of 109.00.
Due to the tense situation on the European money market banks have decided to protect themselves and have placed several hundred billion euros in deposits in the ECB. If this trend continues, it could push derail the already fragile economies of the euro area, embarked on the road to recovery.
Exchange Rate dollar investors worried about more than the euro. Faith in the dollar growth prevails among investors in 2010. While the results of recent auctions of dollar repo demonstrated a relatively low demand, giving rise to some columnists talk about what the situation is not as bad as it was in 2008, reports from Europe suggest there are reasons for concern regarding the situation in the banking sector.
Index Dow Jones Industrial remains in the headlines for two weeks in a row. Drop of the Dow Jones Industrial Average which was a record in the history of U.S. stock market will be the test supervisors. In the record collapse on Wall Street to blame for not only technical problems. Sixth of May 14.38 on the New York time index Dow Jones Industrial Average fell 360 points. And fell to 14.51 for another 900 points. For a few minutes a week of volatility in the U.S. stock markets turned into a nightmare, forcing Wall Street suffered dramatic fall day.
Exchange rate euro is rising, but there is no hope for stability. Euro selling and little buying. Retail sales of the European currency is much higher than wholesale. Due to the fact that investors now see that the scale of the debt problems of the euro zone much more than they thought at first, still no reason for active buying euros, experts say.