September 23, 2021 9:37 am
Today the most market-expected event is the FOMC statement with insights on inflation, economic growth and a breakdown fo individual FOMC member’s interest rate forecasts. In recent previous statements the Fed has expected a below 3.5% PCE increase by the end of the year, despite the “temporary” surge of 3.9%. The S&P500 index just reached […]
Read moreMarch 27, 2018 6:49 am
The London Stock Exchange has a long and successful history behind it and today is one of the most respected and successful exchanges in the world. In fact, its origins go back as far as the reign of Queen Elizabeth I who opened the so-called Royal Exchange in 1571. At the time of its opening […]
Read moreMay 28, 2013 7:28 am
Volkswagen the car manufacturer is considering a deal with the labor union IG Metal for wage raise of workers at German factories. According to Reuters more than 100 000 workers are going to be covered by the deal just as the automobile maker is struggling with sales and profits. Volkswagen has been in talks with […]
Read moreMay 28, 2013 6:48 am
Euro zones second largest economy must deliver promised budget cuts in order to avoid further credit rating downgrade, analyst from Standard & Poors said yesterday. The ratings agency diminished the AAA credit rating of France in January 2012, and it would confirm the countrys AA rating, if France managed to stabilize public debt ratio by […]
Read moreMay 27, 2013 12:35 pm
During Mondays thin trade GBP/USD remained almost without change, as UK and US markets were closed for holidays. The pair reached 1.5159 during late European session, highest value for today, after which consolidation followed at 1.5122. The cross was to find support at 1.5062, lowest from last Friday, while resistance levels were expected at May […]
Read moreMay 27, 2013 7:32 am
Russia and Kazakhstan have been diversifying assets by buying gold after its prices contracted by a record pace. The two countries have kept buying gold for a seventh month in a row with Russia expanding its holdings this year by 3,4%, following an 8,5% increase in 2012. Kazakhstan increased its reserves by 8,9% this year, […]
Read moreMay 23, 2013 2:50 pm
U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose […]
Read moreMay 23, 2013 12:05 pm
Soybeans reached a six-month high following signs of increased demand from China and concerns over U.S. crop. Soybeans futures for July delivery rose 0,1% for the day and traded at $14.9513 a bushel, following a 0,5% increase earlier in the day. On May 21 the Hamburg-based researcher Oil World said that Chinas soybean imports will […]
Read moreMay 23, 2013 9:48 am
During the European morning trade on the Comex division of the New York Mercantile Exchange copper for July delivery fell 2,3% on the day and traded at $3,302 a pound. Copper price was strongly influenced by the Advance Manufacturing Purchasing Managers’ Index for China, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator […]
Read moreMay 23, 2013 7:47 am
EUR/USD pair rose gradually to a session high at 1.2878 during European trade session, after Purchasing Managers Index data was released for France and Germany. The pair was expected to find support at 1.2800-1.2775, while resistance levels were expected near yesterday session highest value, at 1.2998-1.3020. Earlier it was reported that Advance Manufacturing Purchasing Managers […]
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