May 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 […]
Read moreMay 22, 2013 3:14 pm
The U.S. crude oil inventories dropped for the week ending May 17 by 338 000 barrels to 394,6 million barrels, down from 394,9 million barrels in the preceding week. This is below the forecast, which predicted a decrease to 394,5 million barrels. WTI crude futures slipped 1,1% to $95.12 on the New York Mercantile Exchange […]
Read moreMay 22, 2013 1:18 pm
USD/CAD pair registered a sharp rise to ten-week high during European afternoon trade, after disappointing Retail Sales data from Canada. The pair rose to 1.0332. Resistance levels were expected at 1.0355, while support was to be received at 1.0220. Official data was announced today, regarding Canada Retail Sales, as it became clear that this indicator […]
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