May 17, 2013 5:01 pm
GBP/USD pair registered a sharp decline to six week low versus US dollar through the course of Friday trade session, after the release of strong US data. The positive signals encouraged expectations of a possible near-term exit of the FEDs stimulus program and sent US dollar up against most major currencies. GBP/USD fell to 1.5160, […]
Read moreMay 17, 2013 2:43 pm
Leading Indicators Index in United States, which was published earlier today, rose by a greater than expected rate during April. The index showed an increase in value to 0.6%, while expectations were for a 0.2% rise. During the previous period the indicator marked a 0.2% slow down. Experts from Conference Board, the group, which evaluates […]
Read moreMay 17, 2013 12:57 pm
US dollar expanded its positions against Canadian dollar during Friday trade session, after a series of crucial data for Canadas economic activity was released. The pair rose to 1.0309, Friday session high value, from trading in the 1.0264-84 zone. USD/CAD was expected to meet resistance at 1.3000-1.3032, while the support levels were at 1.0215-1.0200. Minutes […]
Read moreMay 17, 2013 11:40 am
Brent crude rebounded from an early decline and rose above $104 today, heading for a weekly high. Gains however were limited by a weaker demand. Brents price was supported by a rally in refined products, steadier European equities and an Iraqi pipeline shutdown due to a bomb attack. Timothy Evans, energy specialist at Citi Futures […]
Read moreMay 17, 2013 8:44 am
Neste Oil Oyj, Finlands only refiner, joined the side of investigated oil companies by the European Commission. Neste announced it was asked to provide information about potential manipulation of global crude and biofuel markets. Representatives said the company is not a target of the investigation and will cooperate. Statoil ASA, one of the investigated refiners, […]
Read moreMay 17, 2013 8:41 am
As the Fed is buying $85 billion of assets a month, it could implement a monetary policy for buying government securities, increasing money supply for the goal of making market more liquid. That strategy is called quantitative easing. Negative effect of the policy could be depreciation of currency or increased inflation. Stocks fell from their […]
Read moreMay 17, 2013 7:42 am
According to a Bloomberg survey, 17 out of 26 market analysts predict a bearish trend for the gold with 8 expecting a bullish market and 3 are neutral. After news came out yesterday that George Soros, billionaire investor, joined BlackRock Inc. and Northern Trust Corp. in cutting his holdings in gold backed ETPs on March […]
Read moreMay 17, 2013 6:48 am
WTI crude fell towards $95 a barrel after rising most in a week as the disappointing U.S. data brought back worries over lower demand. Price keeps swinging between gains and losses and further fluctuations are expected today with the upcoming economic data for Canada – CPI and Wholesale Sales. The USD/CAD correlation is strong and […]
Read moreMay 16, 2013 2:50 pm
West Texas Intermediate crude rose following the released data today according to which more Americans than projected have filed applications for unemployment benefits and U.S. consumer prices decreased. The Consumer Price Index (CPI) dropped 0,4% today, going worse than the 0,2% decrease expectation. Futures climbed after jobless claims exceeded all forecasts in a Bloomberg survey […]
Read moreMay 16, 2013 2:47 pm
Through the course of Thursday trade session US dollar shorted its gains versus the Canadian dollar due to renewed speculation, that weak US data could urge Federal Reserve Bank not to reduce the scale of the stimulus program this year. USD/CAD cross dropped from 1.0208, highest session value, to 1.0180, but still preserving a daily […]
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