December 10, 2014 2:07 pm
HSBC Holdings Plc has fired its European head of currency trading in relation to the foreign-exchange scandal last month, for which the British bank was fined $618 million. Stuart Scott, who was based in London and was in charge of foreign-exchange trading operations, was dismissed on December 9, after seven years with the British lender. […]
Read moreDecember 10, 2014 12:40 pm
Samsung Electronics Co said it will combine two of its US subsidiaries in order to boost efficiency and increase competitiveness. The tech giant said in a statement that it will merge its Samsung Electronics America Inc, main distributor for consumer electronics in the US, with Samsung Telecommunications America LLC, its mobile division, into a single […]
Read moreDecember 10, 2014 10:23 am
Natural gas decreased on Wednesday, marking a second drop this week on projections of milder weather over the majority of the US as the energy source swings between losses and gains. Natural gas for delivery in January fell 0.66% to $3.628 per million British thermal units by 10:19 GMT. Prices held in a daily range […]
Read moreDecember 10, 2014 9:06 am
Gold moderated increases on Wednesday, marking a third consecutive trading session of gains as dollar and equity weakness boosted the precious metals appeal as hedge. Comex gold for delivery in February gained 0.01%, to $1 232.1 per troy ounce by 09:02 GMT, having shifted in a daily range of $1 238.9-$1 227.6 an ounce. The […]
Read moreDecember 10, 2014 8:38 am
Yesterday’s trade saw EUR/JPY within the range of 146.76-148.89. The pair closed at 148.12, losing 0.36% on a daily basis. At 8:35 GMT today EUR/JPY was down 0.28% for the day to trade at 147.65. The pair touched a daily low at 147.15 at 5:40 GMT. Fundamentals Japan Machinery Orders Machinery Orders in Japan probably […]
Read moreDecember 10, 2014 8:17 am
Yesterday’s trade saw NZD/USD within the range of 0.7606-0.7762. The pair closed at 0.7682, gaining 0.38% on a daily basis. At 8:12 GMT today NZD/USD was up 0.18% for the day to trade at 0.7692. The pair touched a daily high at 0.7728 at 5:40 GMT. Fundamentals New Zealand RBNZ policy decision Reserve Bank of […]
Read moreDecember 10, 2014 8:11 am
Both Brent and West Texas Intermediate fell on Wednesday after ending five consecutive days of losses with yesterdays increase as an Iranian official warned that prices would fall further if OPEC does not intervene. January US crude fell 1.22% on Wednesday to $63.04 per barrel by 07:45 GMT. Prices held in a daily range between […]
Read moreDecember 10, 2014 8:08 am
Yesterday’s trade saw GBP/NOK within the range of 11.0832-11.2394. The pair closed at 11.1652, losing 0.41% on a daily basis. At 8:05 GMT today GBP/NOK was up 0.15% for the day to trade at 11.1855. The pair touched a daily high at 11.1890 at 8:06 GMT. Fundamentals United Kingdom Balance of trade The deficit on […]
Read moreDecember 10, 2014 8:03 am
Yesterday’s trade saw EUR/GBP within the range of 0.7860-0.7933. The pair closed at 0.7896, gaining 0.34% on a daily basis. At 8:02 GMT today EUR/GBP was down 0.03% for the day to trade at 0.7894. The pair touched a daily low at 0.7889 at 7:35 GMT. Fundamentals Euro zone French industrial output Annualized industrial production […]
Read moreDecember 10, 2014 8:01 am
Yesterday’s trade saw USD/TRY within the range of 2.2530-2.2721. The pair closed at 2.2674, losing 0.05% on a daily basis. At 7:58 GMT today USD/TRY was down 0.20% for the day to trade at 2.2618. The pair touched a daily low at 2.2609 at 7:47 GMT. Fundamentals United States Monthly Budget Statement The United States […]
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