May 16, 2013 9:32 am
Earlier today was reported, that Euro zones third largest economy, Italy, reached surplus on its trade balance during March. The amount was 3.2 billion euros, which significantly exceeded the 1.8 billion euro surplus during March 2012. Reasons behind this result could be traced in the decreased level of demand in the country itself, while export […]
Read moreMay 16, 2013 8:34 am
New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand. NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to […]
Read moreMay 16, 2013 7:17 am
During Thursday trading session the single currency reached six week low against the US dollar, after crucial data, that came out on Wednesday, regarding the contracting Euro zone economy for sixth quarter in a row. EUR/USD cross reached levels at 1.2855-57, followed by certain increase and consolidation at 1.2866, during Asian session. The pair was […]
Read moreMay 15, 2013 6:20 pm
During todays trading session after the statements of Bank of England experts and optimistic data from UK, british pound managed to preserve gained ground versus the US dollar. GBP/USD cross reached 1.5272 in the early phase of US session today, followed by consolidation at 1.5240. Resistance level was expected at 1.5331, highest value from Tuesday, […]
Read moreMay 15, 2013 2:28 pm
New York Empire Manufacturing Index unexpectedly contracted in May as factories remained short of orders and sales slowed down, Bloomberg reported. The Federal Reserve Bank of New York’s general index dropped to -1.43 this month from 3.05 during April. Values below zero stress on contraction in New York, northern New Jersey and southern Connecticut. Bloomberg […]
Read moreMay 15, 2013 1:27 pm
Through the course of todays trade the EUR/USD cross diminished its value to near six week low, because of the disappointing data from US and the shrinkage of Euro-zones Gross Domestic Product. The euro slides down to 1.2844 against the US dollar, its lowest level since April 4th, then gained some ground and reached 1.2870-77. […]
Read moreMay 15, 2013 12:34 pm
The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The estimated value, concerning the annual GDP in the Euro-zone, was a 0.9% decline. The data, which was […]
Read moreMay 15, 2013 9:21 am
WTI crude fell for a fifth day near a two-week low amid low demand and increased stockpiles. The Energy Information Administrations oil reserves report is scheduled for release in the morning. The industry-funded American Petroleum Institute said that U.S. crude inventories gained 1.1 million barrels last week and according to a Bloomberg survey stockpiles may […]
Read moreMay 15, 2013 8:03 am
French economy submerged during the first quarter of 2013, according to data announced today. This was second quarter in a row of Gross Domestic Product (GDP) shrinkage, as the second largest economy in the Euro-zone contracted by 0.2% during Q4 of 2012. Todays data confirmed that French GDP reduced its value by another 0.2% during […]
Read moreMay 15, 2013 7:14 am
After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […]
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