May 21, 2013 1:54 pm
During Tuesday early American session USD/CAD pair reached 1.0297, session high for the moment of this article, as FED minutes and Ben Bernanke testimony were at the center of markets attention. USD/CAD increased to 1.0297, after which consolidated at slightly lower levels, 1.0286-88. Support levels were expected at 1.0234, lowest value for current session, while […]
Read moreMay 21, 2013 11:56 am
During Tuesday trade session US dollar expanded positions against most of its major peers, while markets lie in wait for Wednesday’s Federal Reserve minutes and testimony by Fed Chairman Ben Bernanke. US dollar increased significantly its value against the British pound, as GBP/USD reached 1.5156 today after the release of UK consumer price and producer […]
Read moreMay 21, 2013 9:18 am
According to data published by the General Administration of Customs today, Chinas copper imports dropped to 183 023 metric tons last month, its lowest level since June 2011. Exports sunk 52% to 29 072 tons compared to 60 642 tons in March. This is the first contraction in copper exports for the last eight months. […]
Read moreMay 21, 2013 8:45 am
European Commissions investigation into possible oil pricing manipulation is widening its circle as trading houses from Glencore Xstrata PLC, a $70 billion firm, to Gunvor Group Ltd. and Vitol Group were asked to assist European regulators by providing information. The three trading houses along with other companies with offices in Switzerland arent been investigated, but […]
Read moreMay 21, 2013 7:37 am
USD/JPY pair managed to recover from losses from the last trading session. The cross reached 102.77 during the final hours of the Asian session. Support levels were expected at 102.06, lowest value for the whole session, while the pair was likely to meet resistance at 103.00-03. On Sunday Japanese Economy Minister, Akira Amari announced that […]
Read moreMay 21, 2013 7:02 am
Euro zone common currency increased its value against the US dollar during early European trade session, after the pair hit highest value since May 16th during Asian session at 1.2904. Speculations arose whether gains would remain limited before FED minutes on Wednesday. EUR/USD pair is being traded at 1.2885-89 at the moment of the present […]
Read moreMay 21, 2013 6:52 am
WTI crude rose to a two-month high amid forecasts for the first two consecutive decreases in U.S. oil reserves. According to a Bloomberg News survey before the Energy Information Associations report tomorrow, stockpiles decreased by 800 000 barrels last week and refineries increased their operating rates for a fourth week in a row. Ric Spooner, […]
Read moreMay 20, 2013 2:17 pm
It was reported, according to a survey of business economists, that Consumer Spending in United States was expected to increase this year. Their February forecast of US Gross Domestic Product (GDP) to expand by 2.4% this year and by 3% during next, was confirmed again. The survey was released today by the National Association for […]
Read moreMay 20, 2013 12:29 pm
Consumer Goods Cambell is the top performer in packaged food business with $5 above the consensus price of its shares. Companys estimates are believed to raise even more beginning with sales increase of 12%. Cambell is beating its competitors especially in Europe, a region not particularly favorable for US packaged foods. Analyst suggest the company […]
Read moreMay 20, 2013 9:38 am
The General Motor Co. shares price came back almost to 2011 levels following the global economic picture recent months as it closed at $33.42 on Friday. The share price raise led investors to discuss a possible Treasury withdrawal from the auto maker. That would also help GM to get back in S&P 500 index which […]
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