The forecast on Wall Street is for more dizzying volatility Thursday. For the time being, equities are likely to stay vulnerable to high speed moves and wide swings as investors ran to the safety of bonds, driving rates toward historic low levels.
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Fear about the turmoil in global financial markets and the fragile world economy could drive the price of gold to record levels last seen in 1980.
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Ray Attrill, Senior Forex Strategist at BNP Paribas joins Song Seng Wun, Regional Economist from CIMB Research to discuss the recent credit rating downgrade's impact on Asia and currency markets.
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After the initial sting, Standard & Poor's downgrade of the U.S. credit rating should take a back seat to concerns about the health of the U.S. economy and efforts to resolve the European debt crisis.
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A look at how gold, oil and currencies are moving in relation to the dollar, with Fadel Gheit, Oppenheimer & Co.; Jim Steel, HSBC, and David Woo, Bank of America Merrill Lynch.
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Uncertainties about the Greek debt situation and the removal of the security blanket of Fed easing could combine for another week of volatility as the second quarter draws to an end.
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After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
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