November 3, 2014 8:59 am
Gold fell for the fourth consecutive day to trade near its 4-year low and is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery in December traded at $1 169.7 per troy ounce at 8:21 GMT, down 0.16% on the day, having […]
Read moreNovember 2, 2014 2:25 pm
Friday’s trade saw EUR/GBP within the range of 0.7820-0.7885. The pair closed at 0.7830, losing 0.67% on a daily basis and 0.56% for the whole week. Fundamentals Euro zone Manufacturing data Spanish Manufacturing Purchasing Managers Index (PMI) probably showed a slight improvement in October, coming in at a reading of 52.9 from 52.6 in September. […]
Read moreNovember 1, 2014 3:23 pm
Friday’s trade saw EUR/CHF within the range of 1.2044-1.2080. The pair closed at 1.2061, gaining 0.02% on a daily basis, while losing 0.01% for the whole week. Fundamentals Euro zone Manufacturing data Spanish Manufacturing Purchasing Managers Index (PMI) probably showed a slight improvement in October, coming in at a reading of 52.9 from 52.6 in […]
Read moreNovember 1, 2014 11:40 am
Exxon Mobil Corp. reported better-than-expected third-quarter profit due to strong performance in its refining and chemicals businesses. The company stated a 3% increase in net income to $8.07 billion, or $1.89 earnings per share, compared to last years performance of $7.87 billion, or $1.79 per share, and above analysts expectations of $1.71. Exxon reported a […]
Read moreOctober 31, 2014 2:43 pm
International Consolidated Airlines Group SA, owner of British Airways and Iberia, reported strong results in the third quarter, a complete contrast with strike-hit rivals Lufthansa and Air France-KLM. IAGs operating profit before exceptional item stood at €900 in the recent quarter, a 23% increase compared to last year and better than analysts expectation of €879 […]
Read moreOctober 31, 2014 1:11 pm
Sony Corp. reported a smaller loss than expected in the second fiscal quarter as PlayStation 4 sales limited the impact of a writedown of its smartphone business. Japans Sony stated a net loss of ¥136.0 billion, highly due to the ¥180 billion book value reduction of its Xperia unit. Since the company announced the writedown […]
Read moreOctober 31, 2014 10:21 am
Royal Bank of Scotland reported a third-quarter profit above analysts expectations even as it set aside provisions to cover any potential fines related to the ongoing investigation into alleged manipulation of the currency market. The bank reported it has put away a £400 million provision associated with the investigation and another £100 million to compensate […]
Read moreOctober 31, 2014 9:57 am
Yesterday’s trade saw GBP/CAD within the range of 1.7845-1.7952. The pair closed at 1.7900, unchanged on a daily basis. At 9:55 GMT today GBP/CAD was up 0.03% for the day to trade at 1.7906. The pair touched a daily high at 1.7937 at 8:30 GMT. Fundamentals Canada Canadian Gross Domestic Product (GDP) probably remained flat […]
Read moreOctober 31, 2014 9:07 am
Citigroup Inc. set aside $600 million in provisions to cover legal expenses related to an ongoing investigation over allegations that the bank manipulated the currency market. The bank said it is in negotiation talks with UK regulators, while cooperating with criminal and antitrust investigations by the Justice Department. Citigroup is one of the six banks […]
Read moreOctober 31, 2014 9:05 am
Yesterday’s trade saw USD/CAD within the range of 1.1160-1.1224. The pair closed at 1.1187, gaining 0.06% on a daily basis. At 8:58 GMT today USD/CAD was up 0.17% for the day to trade at 1.1207. The pair touched a daily high at 1.1220 at 7:25 GMT. Fundamentals United States Personal Income and Personal Spending Personal […]
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