May 17, 2013 1:52 pm
The euro currency sunk to 1 year low versus the US dollar at 1.2815, after Benoit Coeure, European Central Bank board member, confirmed that the bank was on a research for further strengthening of the real economy lending, especially the Small and Medium Enterprises (SME) sector. It was reported that probably ECB would stick to […]
Read moreMay 17, 2013 10:00 am
Earlier today was reported, that construction sector in the single currency zone continued to contract for the fifth month in a row. It turned out to be the most prolonged decline in economic activity in the region since World War II. Published official data showed, that Construction Output sunk by 1.7% during March, deepening compared […]
Read moreMay 17, 2013 7:57 am
On Friday session, US dollar advanced against the Japanese yen closing in to a new 4,5 year high. Major influence was the speculation over a possible earlier exit of FEDs stimulus program than expected. The pair reached 102.58 during European trade, followed by consolidation at 102.48. Support levels were expected at 101.26, May 14th low […]
Read moreMay 16, 2013 7:15 pm
According to official data, published earlier today, business activity amongst the Philadelphia manufacturers declined during May. Philadelphia index sunk to -5.2 points during May, while a month ago the reading showed +1.3 points. Results stated, that most of the featured companies gave negative forecasts about future development of their business. Experts estimated the value to […]
Read moreMay 16, 2013 1:51 pm
During Thursday trading session US dollar sharply retreated versus the euro and the Japanese yen, right after the release of disappointing economic data from United States. USD/JPY cross fell to 102.31, as it reached almost 102.70 during late European session. It was reported that Initial Jobless Claims rose by 32 000 to 360 000 last […]
Read moreMay 16, 2013 12:32 pm
The DOW Jones Industrial average raised by 0.4% reaching a high sixth time in nine sessions.The S&P 500 added 0.51% increase also reaching a record high.The index has been constantly growing recording drops only on two sessions this month. Despite US economys struggle to get ahead indexes are presenting a good indication. The main suspects […]
Read moreMay 16, 2013 9:29 am
George Soros, billionaire investor, joined Northern Trust Corp. and BlackRock Inc. in lowering investments in gold backed ETPs. That happened before the market went bearish last month, followed by the deepest plunge in history April 15 and thus erasing $42 billion from the value of ETP assets this year, according to data compiled by Bloomberg. […]
Read moreMay 16, 2013 7:51 am
In expectation of Thursday US data, the dollar increased its value versus the Yen. USD/JPY jumped off levels around 101.97 and reached the 102.35-44 zone during the course of trade. The pair was expected to find resistance at 102.75, highest value from Wednesday, while the support levels were at 101.50, lowest value from Monday. Positive […]
Read moreMay 15, 2013 3:24 pm
According to the U.S. oil reserves report released today, crude inventories decreased by 624 000 barrels last week to 394,9 following its record amount since 1931. Economists expected a 450 000 barrels gain. Phil Flynn,senior market analyst at the Price Futures Group in Chicago said: “We are still swimming in oil. We still have plenty […]
Read moreMay 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 […]
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