May 28, 2013 9:10 am
The New Zealand dollar gained positions against its US counterpart during relatively calm trade session on Tuesday. The pair hit 0.8120 during European session, highest value for today, after which consolidation followed at 0.8111-0.8115. Support levels were expected at 0.8006, lowest from May 23rd, while resistance was to be met at 0.8171, highest from May […]
Read moreMay 28, 2013 8:40 am
European stocks reported a climb in recent in benchmark indexes as EURO STOXX 50 raised 1.34%, CAC 40 jumped by 1.32%, DAX 30 rallied 1.25%. There is still a trend of cautiousness among investors as they consider Fed move towards reducing stimulus in upcoming months. Financial stocks were among the gainers as BNP Paribas and […]
Read moreMay 28, 2013 7:17 am
US dollar expanded positions against its major peers during early European trade on Tuesday in expectation of crucial data from the United States. The dollar index, which gauges US currency performance against a basket of six other major currencies, rose to 83.99, adding 0.1%, as speculations appeared that potentially good fundamentals from US, could encourage […]
Read moreMay 28, 2013 6:43 am
Oil prices fell for a fifth straight day amid U.A.E. forecast for a “relatively weak” global demand. WTI futures closed the week ending on May 24 with a 2% weekly drop. WTI for July delivery dropped 92 cents to $93.23 a barrel on the New York Mercantile Exchange in Asian trading. OPEC, which accounts for […]
Read moreMay 27, 2013 1:15 pm
European Stocks rebounded today from a last weeks significant drop. Car manufacturer Fiat was among the leading gainers showing indications of buying out Chryslers US unit. However, many investors were positioning for a market pullback expecting that a possible decrease of US stimulus could result in a drop of market prices. The benchmark European indexes […]
Read moreMay 27, 2013 12:08 pm
The Nobel prize winner economist Joseph Stiglitz confirmed Bernankes testimony that cutting the stimulus package would be a step taken too early for the economy considering its recent stability. Bloomberg cited Stiglitz saying “Its the only stimulus” he stated on 25th of May, “Clearly the economy is not back to normal, and to accept this […]
Read moreMay 27, 2013 7:20 am
After sealing the acquisition of Tumblr for $1.1 billion last month and purchasing a couple of small companies, Yahoo reported another one. This time the internet giant is adding a company called PlayerScale to the list. The sum of the acquisition wasnt disclosed but most likely it was one of a fairly significant amount. PlayerScale […]
Read moreMay 27, 2013 6:37 am
WTI crude kept its declining pace for a fifth day, which is the longest run of declines this year, following concerning data about Chinas economy published last week. The Asian nations Advance Purchasing Managers Index hit a seven-month low value of 49,6 in May, compared to a final reading of 50,4 in April. This had […]
Read moreMay 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 […]
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