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Italy – surplus on trade balance during March

May 16, 2013 9:32 am
Earlier today was reported, that Euro zones third largest economy, Italy, reached surplus on its trade balance during March. The amount was 3.2 billion euros, which significantly exceeded the 1.8 billion euro surplus during March 2012. Reasons behind this result could be traced in the decreased level of demand in the country itself, while export […] Read more

Positive data from New Zealand, NZD/USD took a drop though

May 16, 2013 8:34 am
New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand. NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to […] Read more

US Dollar lifted from lows against Japanese Yen

May 16, 2013 7:51 am
In expectation of Thursday US data, the dollar increased its value versus the Yen. USD/JPY jumped off levels around 101.97 and reached the 102.35-44 zone during the course of trade. The pair was expected to find resistance at 102.75, highest value from Wednesday, while the support levels were at 101.50, lowest value from Monday. Positive […] Read more

Euro being traded closely to six week low against the US dollar

May 16, 2013 7:17 am
During Thursday trading session the single currency reached six week low against the US dollar, after crucial data, that came out on Wednesday, regarding the contracting Euro zone economy for sixth quarter in a row. EUR/USD cross reached levels at 1.2855-57, followed by certain increase and consolidation at 1.2866, during Asian session. The pair was […] Read more

US producer prices with widened decline

May 15, 2013 7:22 pm
US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […] Read more

Industrial activity in New York area surprisingly shrinks

May 15, 2013 2:28 pm
New York Empire Manufacturing Index unexpectedly contracted in May as factories remained short of orders and sales slowed down, Bloomberg reported. The Federal Reserve Bank of New York’s general index dropped to -1.43 this month from 3.05 during April. Values below zero stress on contraction in New York, northern New Jersey and southern Connecticut. Bloomberg […] Read more

Euro-zone’s recession continues

May 15, 2013 12:34 pm
The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The estimated value, concerning the annual GDP in the Euro-zone, was a 0.9% decline. The data, which was […] Read more