May 24, 2013 7:56 am
EUR/USD pair was stable during early hours of Fridays European trade session after positive signal came from Germany, regarding consumer confidence and also on speculations about FED asset purchasing program exit in short-term. During later hours of Asian session, EUR/USD reached 1.2944, session highest value, after which consolidation followed at 1.2930-40. The pair was expected […]
Read moreMay 23, 2013 2:33 pm
WTI crude fell more than $2 and went below the 200-day moving average. The fall was triggered by Chinas factory activity decline, which was shown by the Advance Manufacturing Purchasing Managers’ Index, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator dropped to 49,6, which is a negative value as 50 is the […]
Read moreMay 23, 2013 12:20 pm
EUR/USD pair increased in value during Thursday trading session, but gains seemed limited after the announcement by FED that it could taper its asset purchasing program, while investors shorted their risk appetites. The cross reached 1.2905 during late hours of European trade, highest value for the current session, then EUR/USD distanced, falling to 1.2883-1.2888. The […]
Read moreMay 23, 2013 10:16 am
After the European Commissions probe into possible oil price manipulation started last week, the circle of companies to come under scrutiny has widened. Some of them are investigated, while others are asked to assist by providing information. Royal Dutch Shell, BP, Statoil – three of Europe’s biggest oil producers, and Platts – the oil-price data […]
Read moreMay 23, 2013 9:10 am
Brent crude fell today to a three-week low below $101 together with other commodities as WTI crude, silver, platinum and palladium following negative economy information about Chinas factory activity. The Advance Manufacturing PMI for China for May, conducted by Markit Economics and HSBC Holdings Plc, dropped to 49,6, which is a negative value as 50 […]
Read moreMay 23, 2013 8:07 am
Data showed that Chinese manufacturing slowed down for the first time in seven months, which caused equities to drop, thus increasing golds attractiveness as a haven for wealth preservation and boosted its demand. Following an earlier decline, the precious metal rose by 0,5% and traded at $1 376,86 at 2.06 pm in Singapore. The Advance […]
Read moreMay 23, 2013 7:02 am
WTI crude fell for a third day on Wednesday following official data by the U.S. Energy Information Administration, which stated that cure reserves decreased less than expected and gasoline stockpiles rose way more than forecast. Crude reserves fell by 338 000 barrels, compared to a 778 000 barrels decline expectation. Gasoline stockpiles rose 3,02 million […]
Read moreMay 22, 2013 3:07 pm
FED Chairman Ben Bernanke expressed his support of the continuing economic easing policy in his speech at FEDs May meeting today. According to his statement, such course had been favorable for US Economy, but he also warned that Federal Reserve Bank could not compensate negative influence, imposed by federal budget restraints. Bernanke announced that while […]
Read moreMay 22, 2013 1:23 pm
Dow Jones constituent companies Target Corp. and Hewlett-Packard Co. are among the awaited leaders on the market today. HP is expected to report earnings per share for the second quarter of $0.81 per share according to a survey by FactSet. Updating market expectations and restructure in cost savings leads people to believe that company is […]
Read moreMay 22, 2013 12:11 pm
During Wednesday European session the euro gained positions versus US dollar as markets focused on FED chairman Ben Bernanke statement at the U.S. Joint Economic Committee today. The pair traded above 1.2900, as during the early hours of European trade session EUR/USD increased to 1.2939, and during the afternoon phase of the session reached 1.2957. […]
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