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Brent Oil Slips Below $102

May 15, 2013 1:20 pm
Brent oil tumbled below $102 a barrel on May 15 after latest data revealed worsening in all of Europes major economies, including France falling in recession. Germany dodged contraction of its economy as consumption increased, but its GDP growth was barely enough to compensate for Europes economy slowdown as a whole. This marked a record […] Read more

UK stocks breath holding before US industry data

May 15, 2013 10:58 am
The UK benchmark index FTSE 100 (UKX) commited the highest raise in more than 5 years. Easyjet Plc (EZJ) stated forecasts for improvement in profitability for the whole year and their stock advanced by 5.9%. Stock Exchange Group Plc beat analyst predictions and raised by 2.6 percent. There were some speculations on Washington to show […] Read more

Gold Falls Amid Worsening EU Situation

May 15, 2013 7:59 am
Gold retreated on a stronger dollar after worse-than-expected data from the Euro zone pressured the euro. Data showed yesterday that the German ZEW index rose well below expectations, while the index of current conditions fell. Gold slipped further today after reports showed that Frances economy will enter a recession following a second quarterly economic slowdown […] Read more

Copper Falls Amid Chinese Industry Slowdown

May 14, 2013 2:02 pm
Copper slid the most in two weeks following signs of slowing in Chinas growth – the worlds biggest consumer of the metal. The Asian nation is responsible for around 40% of the copper consumption worldwide and for a long time has been one of the main factors, which influence the metals price. According to JPMorgan […] Read more

WTI Crude Trades At a One-Week Low

May 14, 2013 1:01 pm
West Texas Intermediate dropped to a one-week low today, because of forecasts that U.S. supplies climbed to the highest since 1931. The IEA announced that the U.S. oil production will be higher than the volume, demanded by the dynamically developing countries. Michael Poulsen, an analyst at Global Risk Management in Middelfart, Denmark explains: “Supply-demand is […] Read more

US Dollar retreats against the Yen

May 14, 2013 10:04 am
The US dollar traded lower versus Japanese Yen today, as most investors took their profits. USD/JPY cross slided down to 101.27 during the Asian session, which is the pairs lowest level since Friday . Support levels were fixed around 100.51-53, while the resistance levels – at 102.12-14, which is the crosss highest since October 2008. […] Read more

British PM Against EU’s New Financial Transaction Tax

May 12, 2013 7:05 pm
The annual Global Investment Conference was held in London last Thursday. One of the most interesting moments at the event was David Cameron’s statement against the European Union’s planned financial transactions tax. According to the British PM, the introduction of this tax will have a negative impact on the finances of the entire union. Cameron […] Read more

Investors Interested in Amazon Stock

May 12, 2013 6:32 pm
The most recent earnings report for Amazon hints that investing in this stock may prove to be a very good move if the predictions of most markets turn out to be true. However, there are still many investors who aren’t completely sure if an investment in Amazon is the right thing to do at this […] Read more