May 16, 2013 1:51 pm
During Thursday trading session US dollar sharply retreated versus the euro and the Japanese yen, right after the release of disappointing economic data from United States. USD/JPY cross fell to 102.31, as it reached almost 102.70 during late European session. It was reported that Initial Jobless Claims rose by 32 000 to 360 000 last […]
Read moreMay 16, 2013 12:32 pm
The DOW Jones Industrial average raised by 0.4% reaching a high sixth time in nine sessions.The S&P 500 added 0.51% increase also reaching a record high.The index has been constantly growing recording drops only on two sessions this month. Despite US economys struggle to get ahead indexes are presenting a good indication. The main suspects […]
Read moreMay 16, 2013 9:29 am
George Soros, billionaire investor, joined Northern Trust Corp. and BlackRock Inc. in lowering investments in gold backed ETPs. That happened before the market went bearish last month, followed by the deepest plunge in history April 15 and thus erasing $42 billion from the value of ETP assets this year, according to data compiled by Bloomberg. […]
Read moreMay 16, 2013 7:51 am
In expectation of Thursday US data, the dollar increased its value versus the Yen. USD/JPY jumped off levels around 101.97 and reached the 102.35-44 zone during the course of trade. The pair was expected to find resistance at 102.75, highest value from Wednesday, while the support levels were at 101.50, lowest value from Monday. Positive […]
Read moreMay 15, 2013 3:24 pm
According to the U.S. oil reserves report released today, crude inventories decreased by 624 000 barrels last week to 394,9 following its record amount since 1931. Economists expected a 450 000 barrels gain. Phil Flynn,senior market analyst at the Price Futures Group in Chicago said: “We are still swimming in oil. We still have plenty […]
Read moreMay 15, 2013 1:20 pm
Brent oil tumbled below $102 a barrel on May 15 after latest data revealed worsening in all of Europes major economies, including France falling in recession. Germany dodged contraction of its economy as consumption increased, but its GDP growth was barely enough to compensate for Europes economy slowdown as a whole. This marked a record […]
Read moreMay 15, 2013 10:58 am
The UK benchmark index FTSE 100 (UKX) commited the highest raise in more than 5 years. Easyjet Plc (EZJ) stated forecasts for improvement in profitability for the whole year and their stock advanced by 5.9%. Stock Exchange Group Plc beat analyst predictions and raised by 2.6 percent. There were some speculations on Washington to show […]
Read moreMay 15, 2013 7:59 am
Gold retreated on a stronger dollar after worse-than-expected data from the Euro zone pressured the euro. Data showed yesterday that the German ZEW index rose well below expectations, while the index of current conditions fell. Gold slipped further today after reports showed that Frances economy will enter a recession following a second quarterly economic slowdown […]
Read moreMay 14, 2013 7:26 pm
The US dollar slowed its momentum during the trading session today, as most investors prefered to close their profitable positions and wait for the publication of series of crucial macroeconomic indicators on Wednesday. Major concern amongst investors again turns out to be Federal Reserve Banks intentions to reduce the scale of financial stimulus program or […]
Read moreMay 14, 2013 2:02 pm
Copper slid the most in two weeks following signs of slowing in Chinas growth – the worlds biggest consumer of the metal. The Asian nation is responsible for around 40% of the copper consumption worldwide and for a long time has been one of the main factors, which influence the metals price. According to JPMorgan […]
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