May 22, 2013 8:21 am
Bank of Canada Governor Mark Carney stated on Tuesday, that Europe could be up against stagnation, unless it embarks on big reforms and follows Japans current policy to boost economic growth. Carney said that recession in Europe was held back by fiscal austerity, thin credit policy and low confidence. Carney, who is expected to take […]
Read moreMay 22, 2013 7:13 am
Natural gas kept rising on Tuesday and traded 2,47% higher at $4,191 per million British units as weather forecasters predicted higher-than-average temperatures in the central parts of the U.S. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for […]
Read moreMay 21, 2013 2:02 pm
Demand for platinum and palladium is increasing amid decline in supply. Generally the price of platinum is more volatile than gold and is very dependable of the economys current state. During periods of sustained economic growth the price of platinum tends to be a lot higher than gold and the other way around. The reason […]
Read moreMay 21, 2013 10:52 am
Wheat for July delivery fell 1,4% on the day and traded at $6,7438 a bushel after earlier in the session it tumbled 1,5% and reached its weakest level since April 3. Wheat prices are experiencing downward pressure amid improved weather forecasts for crop developing in the Black Sea region, which is easing the concerns about […]
Read moreMay 21, 2013 9:00 am
British pound lowered below 1.5200 against US dollar on release of the crucial consumer price index data from UK today. GBP/USD pair reached 1.5171, currently sessions lowest value. Resistance levels were expected at 1.5255-1.5275, while the pair was likely to be supported at 1.5180-1.5160. It was reported that Consumer Price Index (CPI) in UK slowed […]
Read moreMay 21, 2013 7:36 am
Natural gas kept rising on Monday and traded 1,91% higher at $4,133 per million British units amid weather forecasts for higher-than-average temperatures in the central parts of the U.S. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for […]
Read moreMay 21, 2013 6:34 am
US dollar increased value against major peers, as EUR/USD pair fell to 1.2872 during Asian trade session on Tuesday. Yesterday Czech Republic President Milos Zeman announced that the country was ready to adopt the euro currency within five years. Czech Republic, already an European Union member, is experiencing the worst recession since 1996. Another pair, […]
Read moreMay 20, 2013 1:56 pm
Gold futures continued to drop for an eight day in a row. Together with the worst performing precious metal of the year – silver, gold sank 1% on the day and futures for July were traded at $1 351,05 as investors are awaiting Ben Bernankes statement about the future of the Quantitative Easing 3 program, […]
Read moreMay 20, 2013 10:15 am
USD/CHF pair lowered during Monday trade session, as investors preferred to take their profits, after the expansion the US dollar had shown recently and in expectation of short-term exit of FEDs easing program. The cross stood at 0.9676 during this mornings session in Europe, which was the lowest value for the session. Support levels were […]
Read moreMay 20, 2013 8:43 am
Ernst & Young gave a warning on Monday, that inflation rate in United Kingdom could climb during summer period and remain above the targeted level of 2% in foreseeable perspective. An economic forecasting group, the ITEM club, announced that high inflation could remain a permanent fixture of countrys economy. According to clubs report, consumer price […]
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