Though global stock market remained stable, but overall it was another bad end to the week with hardly any positive news for the global financial market.  US Dollar was the beneficiary enjoying safe haven status that continued to make gains on back of Euro-zone weakness hitting 22-month high versus Euro, as Euro hit the lows to briefly test and break 1.25 to close at 1.2515.

Gold traded in wide range between $ 1599 - $ 1532.30, as investors were…

Despite mild economic data announcement it was probably one of the most difficult weeks of the year, as signs of global slowdown combined with Europe’s financial and political uncertainty kept financial market choppy and nervous. World stocks are under pressure, European banks are suffering, European bond and Credit Default Swap (CDS) market is on declining trend and Euro is taking the beating since last couple of weeks and gold making some recovery after hitting 2012 lows. Gold…

Global economic data and uncertain political condition in Europe dominated the market. Poor economic data from all over the world is a big cause of worry, as recessionary condition is spilling all over globe.

Europe faces a new situation as voters are opting for anti-austerity leaders, which is a very disturbing trend for the 17- nation European policy makers fearing anti-austerity sentiment could lead to huge unrest in the financial…

It was an active week with Reserve Bank of Australia slashing its bank rate by 50 basis point. US economic data’s during the week remained soft as manufacturing sector slowed. US service sector was weak, jobless claim fell more than forecast and finally on the last day of the week, US employment data suggest that US economy could create only 115.000 jobs against market expectation of 160.000.

The fall in April US Non Farm Payroll could not given much respite…