December 12, 2014 8:03 am
Both Brent and West Texas Intermediate fell on Friday, marking its fourth decline within five trading sessions and headed for its 10th weekly decrease as major OPEC members offered discounts for their crude. January US crude fell 1.12% on Friday to $59.28 per barrel by 07:56 GMT. Prices held in a daily range between $61.68 […]
Read moreDecember 12, 2014 7:52 am
Yesterday’s trade saw USD/CHF within the range of 0.9627-0.9710. The pair closed at 0.9677, gaining 0.18% on a daily basis. At 7:50 GMT today USD/CHF was up 0.12% for the day to trade at 0.9688. The pair touched a daily high at 0.9699. Fundamentals United States Producer Prices United States’ annualized producer price inflation probably […]
Read moreDecember 12, 2014 7:38 am
Yesterday’s trade saw EUR/HKD within the range of 9.5886-9.6854. The pair closed at 9.6213, losing 0.26% on a daily basis. At 7:27 GMT today EUR/HKD was down 0.13% for the day to trade at 9.6066. The pair touched a daily low at 9.6013. Fundamentals Euro zone French Current account The deficit on Frances current account […]
Read moreDecember 12, 2014 7:16 am
Yesterday’s trade saw EUR/GBP within the range of 0.7878-0.7954. The pair closed at 0.7889, losing 0.36% on a daily basis. At 7:14 GMT today EUR/GBP was down 0.11% for the day to trade at 0.7877. The pair touched a daily low at 0.7874. Fundamentals Euro zone French Current account The deficit on Frances current account […]
Read moreDecember 11, 2014 3:25 pm
RadioShack Corp announced a cost-cutting plan as the struggling electronics retailer reported its eleventh consecutive quarterly loss. “We have begun a detailed set of cost reduction initiatives designed to enhance earnings by over $400 million annually,” said CEO Joseph Magnacca. Those cost cuts will be related to the companys headquarters, field, stores, store support, store […]
Read moreDecember 11, 2014 1:45 pm
Zara store owner Industria de Diseño Textil SA, the worlds biggest clothing retailer, reported on Thursday profit and sales above expectations for the first nine months of the year. The Arteixo, Spain-based retailer said that net income increased to €1.69 billion during the period between February 1 and October 31, slightly up from the €1.67 […]
Read moreDecember 11, 2014 12:15 pm
eBay Inc is weighting the option to cut its workforce next year as the retailer figures out details around the upcoming spin-off of its PayPal payment unit, according to people with knowledge of the matter. Around 3 000 employees, or nearly 10% of all workers, will part ways with the company, the Wall Street Journal […]
Read moreDecember 11, 2014 10:12 am
Natural gas increased on Thursday, marking a third consecutive day of gains on projections that incoming cold weather systems will push temperatures below normal. Natural gas for delivery in January gained 0.70% to $3.732 per million British thermal units by 9:53 GMT. Prices held in a daily range between $3.745 and $3.696. The energy source […]
Read moreDecember 11, 2014 9:12 am
Gold fell on Thursday to trade below the seven-week high it reached yesterday as weak dollar and equities boosted the precious metals appeal as safe-haven. Comex gold for delivery in February dropped 0.58% to $1 222.3 per troy ounce by 08:54 GMT, having shifted in a daily range of $1 233.4-$1 221.4 an ounce. The […]
Read moreDecember 11, 2014 8:17 am
Yesterday’s trade saw USD/CAD within the range of 1.1436-1.1502. The pair closed at 1.1482, gaining 0.32% on a daily basis. At 8:15 GMT today USD/CAD was down 0.16% for the day to trade at 1.1457. The pair broke the first key daily support level and touched a daily low at 1.1436. Fundamentals United States Retail […]
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