May 21, 2013 7:36 am
Natural gas kept rising on Monday and traded 1,91% higher at $4,133 per million British units amid weather forecasts for 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 6:34 am
US dollar increased value against major peers, as EUR/USD pair fell to 1.2872 during Asian trade session on Tuesday. Yesterday Czech Republic President Milos Zeman announced that the country was ready to adopt the euro currency within five years. Czech Republic, already an European Union member, is experiencing the worst recession since 1996. Another pair, […]
Read moreMay 20, 2013 1:56 pm
Gold futures continued to drop for an eight day in a row. Together with the worst performing precious metal of the year – silver, gold sank 1% on the day and futures for July were traded at $1 351,05 as investors are awaiting Ben Bernankes statement about the future of the Quantitative Easing 3 program, […]
Read moreMay 20, 2013 10:15 am
USD/CHF pair lowered during Monday trade session, as investors preferred to take their profits, after the expansion the US dollar had shown recently and in expectation of short-term exit of FEDs easing program. The cross stood at 0.9676 during this mornings session in Europe, which was the lowest value for the session. Support levels were […]
Read moreMay 20, 2013 8:43 am
Ernst & Young gave a warning on Monday, that inflation rate in United Kingdom could climb during summer period and remain above the targeted level of 2% in foreseeable perspective. An economic forecasting group, the ITEM club, announced that high inflation could remain a permanent fixture of countrys economy. According to clubs report, consumer price […]
Read moreMay 20, 2013 7:27 am
Japanese yen moved upwards against most of the major currencies after Japanese Economy Minister Akira Amari stated that further currency losses would have a potential negative effect on households. Bloomberg reported, that yen currency jumped off from more than four year low versus US dollar, after Akira Amari expressed his concerns about a speculation, that […]
Read moreMay 17, 2013 1:52 pm
The euro currency sunk to 1 year low versus the US dollar at 1.2815, after Benoit Coeure, European Central Bank board member, confirmed that the bank was on a research for further strengthening of the real economy lending, especially the Small and Medium Enterprises (SME) sector. It was reported that probably ECB would stick to […]
Read moreMay 17, 2013 10:00 am
Earlier today was reported, that construction sector in the single currency zone continued to contract for the fifth month in a row. It turned out to be the most prolonged decline in economic activity in the region since World War II. Published official data showed, that Construction Output sunk by 1.7% during March, deepening compared […]
Read moreMay 17, 2013 7:57 am
On Friday session, US dollar advanced against the Japanese yen closing in to a new 4,5 year high. Major influence was the speculation over a possible earlier exit of FEDs stimulus program than expected. The pair reached 102.58 during European trade, followed by consolidation at 102.48. Support levels were expected at 101.26, May 14th low […]
Read moreMay 16, 2013 7:15 pm
According to official data, published earlier today, business activity amongst the Philadelphia manufacturers declined during May. Philadelphia index sunk to -5.2 points during May, while a month ago the reading showed +1.3 points. Results stated, that most of the featured companies gave negative forecasts about future development of their business. Experts estimated the value to […]
Read more
