Recent content by EmpireGlobalfx

EURCHF opportunity with SNB intervention. Monday, January 16th, 2012. With the Swiss National Bank intervening last year and attempting to set a floor in the EUR/CHF cross at 1.20 the trading community is divided on whether or not the SNB will be successful in holding that floor. When you...

Eurozone pact fails to restore confidence: Euro, Stocks and Gold fall. Monday, December 12th, 2011. The European summit deal to strengthen budget discipline has failed to restore the confidence in the financial markets, making the common currency, stocks, and gold fall while...

Germany, France eye euro zone pact, markets hopeful (Reuters) - Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and...

Euro vulnerable as contagion fears grow (Reuters) - The euro recovered from steep falls against the dollar on Thursday as market participants took profit on short positions, but more weakness was expected as investors fretted the euro zone crisis was spreading to Germany. The single...

Spain bond sale costs soar toward danger levels MADRID, Nov 17 - Spain paid the highest rate to sell its 10-year debt since 1997 Thursday, just shy of the 7 percent mark seen as unsustainable, as the country is swept deeper into the euro zone's debt crisis ahead of a Parliamentary election...

Analysis: Stocks and Euro slide. Gold drops on USD rise. Wednesday, November 16th, 2011. The euro has fallen for the thirds straight session against the usd, hitting a five-week low as investors doubt of the abbility of Eurozone goverments to contain the crisis. Despite the ECB...

Analysis: Europe debt fears grow, Gold rising, Italian 10-yr yields above 7 percent. Tuesday, November 15th, 2011. Italian 10-year yield bonds have risen above the key 7 percent level after the new Italian goverment failed to calm fears on the eurozone debt crisis, giving the...

Italy pays euro-era high cost to sell its 5-year debt (Reuters) - Italy paid a euro-era high price to sell five-year bonds on Monday, with investors wary of buying its debt until the country's new leadership undertakes profound economic reform. The 3 billion euro sale, small by Italian...

Analysis: Gold rising, greenback losing to EUR: Italy approves austerity measures. Friday, November 11th, 2011. Gold and Euro rose in line this Friday backed by optimism as Italy has approved the austerity measures to reduce debt. Spot gold rose 0.7 percent to $1,770.79 an ounce...

Commodities news: Gold rising and steady on European crisis. Tuesday, October 8th, 2011. Gold has risen above USD 1790 on European crisis, supported by a safe-haven demand as Italy is in the spotlight on Eurozone debt crisis. With this gold rises to its highest in six weeks. The...

McDonald's October same-store sales rise 5.5 percent (Reuters) - McDonald's Corp (MCD.N) reported a higher-than-expected rise in worldwide October sales at established restaurants, aided by a popular promotional game in the United States. The world's largest hamburger chain, whose...

Brent crude climbs over $114 on euro zone hopes (Reuters) - Brent crude oil jumped more than $2 per barrel to more than an seven-week high on Monday on hopes Greece and Italy could resolve their debt crises and minimize the chances of a further slowdown in global economic growth. Brent...

Euro shares edge higher on Greece consensus hopes (Reuters) - European shares drifted higher in choppy trade on Friday as signs Greece would seek political consensus on a new aid package and dump a referendum helped cap some fears of an imminent default, although the outcome remains...

ECB cuts rates in surprise move (Reuters) - The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. The move gave an...

Stocks, euro rise; wariness over Greece lingers (Reuters) - U.S. and European stocks stabilized and the euro rose on Wednesday as buyers emerged after a steep sell-off on fears that Greece's referendum on its bailout could push the country into default. Greek Prime Minister George...