May 22, 2013 3:07 pm
FED Chairman Ben Bernanke expressed his support of the continuing economic easing policy in his speech at FEDs May meeting today. According to his statement, such course had been favorable for US Economy, but he also warned that Federal Reserve Bank could not compensate negative influence, imposed by federal budget restraints. Bernanke announced that while […]
Read moreMay 22, 2013 1:23 pm
Dow Jones constituent companies Target Corp. and Hewlett-Packard Co. are among the awaited leaders on the market today. HP is expected to report earnings per share for the second quarter of $0.81 per share according to a survey by FactSet. Updating market expectations and restructure in cost savings leads people to believe that company is […]
Read moreMay 22, 2013 12:11 pm
During Wednesday European session the euro gained positions versus US dollar as markets focused on FED chairman Ben Bernanke statement at the U.S. Joint Economic Committee today. The pair traded above 1.2900, as during the early hours of European trade session EUR/USD increased to 1.2939, and during the afternoon phase of the session reached 1.2957. […]
Read moreMay 22, 2013 9:44 am
Fannie Mae, the mortgage giant reported a first quarter net income of over $58 billion turning the company from junkie to a cash cow. The surge boosted their price shares by 400% in the past 3 months. The company is under government control so the stocks are only worth the trade. Since the company got […]
Read moreMay 22, 2013 8:54 am
Minutes ago was reported that Retail Sales in United Kingdom registered a drop by 1.3% during April on a monthly basis, distancing from estimated value for a 0.1% increase and further deteriorating in comparison with official data during previous month, which showed a decline by 0.6%. GBP/USD pair erased earlier gains and dropped sharply from […]
Read moreMay 22, 2013 7:58 am
Gold prices gained today following speculation that the Federal Reserve bank will continue with its $85 billion bond buying program (Quantitative Easing 3). Moves in gold prices this year have been tracking closely the shifting expectations about the possible scaling back of the stimulus program. Last week gold was under heavy pressure following statements by […]
Read moreMay 22, 2013 7:10 am
Goldman Sachs Group Inc. forecast the US stock market to be going upwards for at least next two and a half years. The prediction estimates that Standard & Poor 500 Index would climb by 26% for that time to a level of 2100. Yesterday Goldman Sachs issued a end of year prediction stating the index […]
Read moreMay 22, 2013 6:38 am
A senior Federal Reserve official, James Bullard stated on Tuesday, that asset purchasing on huge scale was the closest move to a normal monetary policy, especially when interest rates fell towards zero. He gave a remark that European Central Bank was to take such measures if inflation rates continued to decline. St. Louis Federal Reserve […]
Read moreMay 21, 2013 1:54 pm
During Tuesday early American session USD/CAD pair reached 1.0297, session high for the moment of this article, as FED minutes and Ben Bernanke testimony were at the center of markets attention. USD/CAD increased to 1.0297, after which consolidated at slightly lower levels, 1.0286-88. Support levels were expected at 1.0234, lowest value for current session, while […]
Read moreMay 21, 2013 11:56 am
During Tuesday trade session US dollar expanded positions against most of its major peers, while markets lie in wait for Wednesday’s Federal Reserve minutes and testimony by Fed Chairman Ben Bernanke. US dollar increased significantly its value against the British pound, as GBP/USD reached 1.5156 today after the release of UK consumer price and producer […]
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