May 14, 2013 1:01 pm
West Texas Intermediate dropped to a one-week low today, because of forecasts that U.S. supplies climbed to the highest since 1931. The IEA announced that the U.S. oil production will be higher than the volume, demanded by the dynamically developing countries. Michael Poulsen, an analyst at Global Risk Management in Middelfart, Denmark explains: “Supply-demand is […]
Read moreMay 14, 2013 10:04 am
The US dollar traded lower versus Japanese Yen today, as most investors took their profits. USD/JPY cross slided down to 101.27 during the Asian session, which is the pairs lowest level since Friday . Support levels were fixed around 100.51-53, while the resistance levels – at 102.12-14, which is the crosss highest since October 2008. […]
Read moreMay 14, 2013 8:38 am
The President of Federal Reserve Bank for Philadelphia Charles Plosser announced that the slow down in the US inflation to the lowest rate in three years may not be a concern for Federal Reserves policy, Bloomberg reported. Should inflation expectations begin to fall, we might need to take action to defend our inflation goal, but […]
Read moreMay 12, 2013 7:05 pm
The annual Global Investment Conference was held in London last Thursday. One of the most interesting moments at the event was David Cameron’s statement against the European Union’s planned financial transactions tax. According to the British PM, the introduction of this tax will have a negative impact on the finances of the entire union. Cameron […]
Read moreMay 12, 2013 6:32 pm
The most recent earnings report for Amazon hints that investing in this stock may prove to be a very good move if the predictions of most markets turn out to be true. However, there are still many investors who aren’t completely sure if an investment in Amazon is the right thing to do at this […]
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