May 17, 2013 6:48 am
WTI crude fell towards $95 a barrel after rising most in a week as the disappointing U.S. data brought back worries over lower demand. Price keeps swinging between gains and losses and further fluctuations are expected today with the upcoming economic data for Canada – CPI and Wholesale Sales. The USD/CAD correlation is strong and […]
Read moreMay 16, 2013 2:50 pm
West Texas Intermediate crude rose following the released data today according to which more Americans than projected have filed applications for unemployment benefits and U.S. consumer prices decreased. The Consumer Price Index (CPI) dropped 0,4% today, going worse than the 0,2% decrease expectation. Futures climbed after jobless claims exceeded all forecasts in a Bloomberg survey […]
Read moreMay 16, 2013 2:47 pm
Through the course of Thursday trade session US dollar shorted its gains versus the Canadian dollar due to renewed speculation, that weak US data could urge Federal Reserve Bank not to reduce the scale of the stimulus program this year. USD/CAD cross dropped from 1.0208, highest session value, to 1.0180, but still preserving a daily […]
Read moreMay 16, 2013 1:36 pm
Larry Page, CEO of Google, surprisingly appeared at the Googles developer conference where he accused a competitor ( most likely Microsoft Corp.) for trying to steal the spark of Googles shares. He was probably referring to the recent advertising Microsoft ran which poke fun at Googles alternative to Microsoft Office. Page answered the provocation saying […]
Read moreMay 16, 2013 12:42 pm
Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […]
Read moreMay 16, 2013 11:46 am
Thursdays trade marked a close to 4,5 year high movement of the USD/JPY, after the reported exceedingly strong economic growth from Japan than estimated. During the late European trade session the pair gained almost 0.40%, reaching 102.59-60. It was announced that Japan achieved a 0.9% increase in its GDP during the first quarter of the […]
Read moreMay 16, 2013 10:57 am
The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such as WhatsApp and Viber who […]
Read moreMay 16, 2013 8:43 am
Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to be cut in a attempt […]
Read moreMay 16, 2013 8:13 am
West Texas Intermediate continues its bearish trend amid signs of economic weakness in most of its major consumers. Data released yesterday showed below expectations economic growth in Germany, slip into recession by France, Italy performed worse than forecast and the U.S. showed slowdown in the industrial sector. This and the cut estimate of Chinas GDP […]
Read moreMay 16, 2013 7:17 am
Chinas gold demand increased in the first quarter by 20%, reaching 294,3 metric tons according to a report by the World Gold Council. Global demand fell 13% to 963 tons compared to Q1 2012 and gold slipped into a bear market after its biggest drop on April 15 as inflation failed to accelerate and investors […]
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