May 23, 2013 9:48 am
During the European morning trade on the Comex division of the New York Mercantile Exchange copper for July delivery fell 2,3% on the day and traded at $3,302 a pound. Copper price was strongly influenced by the Advance Manufacturing Purchasing Managers’ Index for China, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator […]
Read moreMay 23, 2013 7:47 am
EUR/USD pair rose gradually to a session high at 1.2878 during European trade session, after Purchasing Managers Index data was released for France and Germany. The pair was expected to find support at 1.2800-1.2775, while resistance levels were expected near yesterday session highest value, at 1.2998-1.3020. Earlier it was reported that Advance Manufacturing Purchasing Managers […]
Read moreMay 22, 2013 3:14 pm
The U.S. crude oil inventories dropped for the week ending May 17 by 338 000 barrels to 394,6 million barrels, down from 394,9 million barrels in the preceding week. This is below the forecast, which predicted a decrease to 394,5 million barrels. WTI crude futures slipped 1,1% to $95.12 on the New York Mercantile Exchange […]
Read moreMay 22, 2013 1:18 pm
USD/CAD pair registered a sharp rise to ten-week high during European afternoon trade, after disappointing Retail Sales data from Canada. The pair rose to 1.0332. Resistance levels were expected at 1.0355, while support was to be received at 1.0220. Official data was announced today, regarding Canada Retail Sales, as it became clear that this indicator […]
Read moreMay 22, 2013 9:55 am
Euro currency registered an expansion against the British pound on Wednesday trade session to one month high after official data from UK showed that Retail Sales sunk during April. EUR/GBP pair rose to 0.8578 during European session, highest value since April 22nd. EUR/GBP was expected to receive support at 0.8513, lowest value for current session, […]
Read moreMay 22, 2013 8:21 am
Bank of Canada Governor Mark Carney stated on Tuesday, that Europe could be up against stagnation, unless it embarks on big reforms and follows Japans current policy to boost economic growth. Carney said that recession in Europe was held back by fiscal austerity, thin credit policy and low confidence. Carney, who is expected to take […]
Read moreMay 22, 2013 7:13 am
Natural gas kept rising on Tuesday and traded 2,47% higher at $4,191 per million British units as weather forecasters predicted higher-than-average temperatures in the central parts of the U.S. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for […]
Read moreMay 21, 2013 2:02 pm
Demand for platinum and palladium is increasing amid decline in supply. Generally the price of platinum is more volatile than gold and is very dependable of the economys current state. During periods of sustained economic growth the price of platinum tends to be a lot higher than gold and the other way around. The reason […]
Read moreMay 21, 2013 10:52 am
Wheat for July delivery fell 1,4% on the day and traded at $6,7438 a bushel after earlier in the session it tumbled 1,5% and reached its weakest level since April 3. Wheat prices are experiencing downward pressure amid improved weather forecasts for crop developing in the Black Sea region, which is easing the concerns about […]
Read moreMay 21, 2013 9:00 am
British pound lowered below 1.5200 against US dollar on release of the crucial consumer price index data from UK today. GBP/USD pair reached 1.5171, currently sessions lowest value. Resistance levels were expected at 1.5255-1.5275, while the pair was likely to be supported at 1.5180-1.5160. It was reported that Consumer Price Index (CPI) in UK slowed […]
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