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Forex Market: GBP/USD daily trading outlook

June 24, 2015 7:09 am
Yesterday’s trade saw GBP/USD within the range of 1.5833 – 1.5704 to settle 0.6% lower at 1.5731, falling for a second day. At 07:08 GMT today GBP/USD was up 0.41% to trade at 1.5794. The cross held in a daily range of 1.5722 – 1.5803 and is down 0.6% for the week so far. Fundamentals […] Read more

Lloyds share price dips as UK government cuts stake to below 17%

June 23, 2015 10:00 am
The Treasury has cut its stake in Lloyds Banking Group Plc by one percentage point, Britains finance ministry said in a stock market disclosure on Tuesday, netting a total of £11.5 billion recovered by the taxpayer. The latest sale of government-owned shares in the lender brought back £639 million, reducing the states holding in Lloyds […] Read more

Forex Market: GBP/USD daily trading outlook

June 23, 2015 7:25 am
Yesterday’s trade saw GBP/USD within the range of 1.5912 – 1.5803 to settle 0.30% lower at 1.5825, ending an entire week of gains. At 07:23 GMT today GBP/USD was down 0.11% to trade at 1.5807. The cross held in a daily range of 1.5765 – 1.5832 and is down 0.5% for the week so far. […] Read more

Altice share price soars, confirms bid for Bouygues Telecom

June 22, 2015 10:03 am
European telecom group Altice confirmed on Monday recent reports that it has offered to acquire France’s Bouygues Telecom in a deal that would create the countrys largest operator by subscribers. Luxembourg-based Altice, controlled by telecoms tycoon Patrick Drahi, has launched the bid through its subsidiary Numericable-SFR, but didnt specify how much the offer amounted to. […] Read more

Natural gas trading outlook: futures drop on upcoming cooling

June 22, 2015 8:23 am
Natural gas fell on Monday as weather forecasts saw no significant changes over the weekend, calling for a very warm start to the week for almost the entire US, before cooler Canadian weather systems track across the border late in the week to push readings to near normal across much of the country. Natural gas […] Read more

Forex Market: USD/MXN daily trading outlook

June 22, 2015 6:38 am
Fridays trade saw USD/MXN within the range of 15.3716 – 15.2755. The pair rose less than 0.1% to close at 15.3467, settling the week 0.4% lower after it fell 2% the previous week. At 06:37 GMT today USD/MXN was down 0.15% for the day to trade at 15.3248, holding in a daily range between 15.3205 […] Read more

Alibaba finance affiliate valued at $45 billion after latest funding

June 19, 2015 10:02 am
Chinas Ant Financial Services Group, Alibaba Group Holding Ltds finance arm, has completed a private fundraising that values the company at about $45 billion, according to people familiar with the matter. Alibabas affiliate, which runs Chinas biggest online payment business, sold stakes to external investors, including China Development Bank Capital Co, an investment arm of […] Read more

Natural gas futures drop on cooler outlook

June 19, 2015 8:39 am
Natural gas fell for a third day in early European trading on Friday as forecasts for cooler Canadian weather systems to infiltrate the north-eastern US next week offset a bullish inventory report by the EIA and short-term forecasts for very warm weather. Natural gas for delivery in July traded 0.22% lower at $2.771 per million […] Read more

Forex Market: EUR/CAD daily trading outlook

June 19, 2015 7:28 am
Yesterday’s trade saw EUR/CAD within the range of 1.3961 – 1.3815. The pair closed at 1.3883, up 0.14% for the day. At 07:26 GMT today EUR/CAD was down 0.32% for the day to trade at 1.3844. The pair held in a daily range of 1.3836 – 1.3927 and is down 0.3% for the week so […] Read more