Oil dropped to the lowest level in almost six years on Monday as signs that Saudi Arabia’s new king will maintain the oil policy of his predecessor and rising U.S. crude stockpiles bolstered speculation that a global glut will linger...
'It's now clear that Black Friday did pull festive sales forward into November, and this created a challenging lull in spending with consumers waiting for future bargains' - David McCorquodale, Head of Retail at KPMG UK retail sales surprised markets to the upside, posting an unexpectedly solid g...
Sunrise Market Commentary Rates: Syriza wins Greek election, but falls short of absolute majority Left opposition party Syriza won the Greek elections. This is slightly supportive for the Bund, while Greek assets could suffer...
The data released by the German research institute, IFO showed the business confidence rose to a six-month high in January, as the outlook for Europe's biggest economy continues to brighten. The closely watched Business climate index rose to 106.7 this month from 105...
On Monday the yen strengthened, as Japan's December trade balance showed a deficit of ¥660.7 billion, - narrower than the deficit of ¥740 billion yen expected, and narrower than the ¥829 billion deficit seen in November...
Technology companies should have "a sense of responsibility" for paying taxes, as the amount of tax paid by them is very small compared to the returns, the Bank of England governor Mark Carney told on Friday...
As Europe 2nd largest Economy sliding due to in deflation cycle and will take a year to get move in inflation cycle may be for short term ,and news headlines flashing Global crude oil supply gluts ,Now only hopes on China PMI will be positive this week to boost Crude oil prices as oil prices touc...
Deputy governor at Iranian Central Bank stated that Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies...
The European Central Bank (ECB) was always expected to be the main event of the past week. Capital markets had time aplenty to prepare to react to President Mario Draghi’s post-meeting press conference. Would the ECB stand and deliver...
Mario Draghi pulled off a political triumph on QE, coming in with a program that is bigger and more open-ended than anyone expected. The goal was to jolt expectations, to convince markets that there has been a fundamental shift toward aggressiveness...
Owen Li, founder of Canarsie Capital, wrote to his clients - he had run their accounts down from $100 million less than a year ago to just $200,000. Reportedly, he got into a hole and took on a string of high-risk bests to try to save his firm. It didn’t work out...
Central Banks Central Banks deserve a nomination for traders of the year this week, hitting the FX board with surprise after surprise these last few days, and investors unable to recoup from one shock before receiving another hit in the chin...
This January we saw a lot of ups and downs, euro down to 2004 level aud down to 2008 level some other like gbp and nzd might follow...
Google Inc. GOOG, +1.05% GOOGL, +1.09% is considering becoming a wireless carrier, providing a new service that's expected to run on Sprint and T-Mobile's networks, says a report from The Information citing people familiar with the matter...
On Friday the dollar was soaring around 12-year highs against its peers, as news of the ECB stimulus program continued to pressure risk-related currencies and as markets awaited upcoming US data on manufacturing activity and a private sector report on existing home sales...
Iron ore, which plummeted 47 percent in 2014, keeps seeing reduced price forecasts from global banks, like Citigroup, UBS Group AG and now Goldman Sachs, which continue coming in the opening weeks of the year...
On Friday the pound stayed near 18-month lows against the U.S. dollar, despite the release of optimistic retail sales data as expectations for the Bank of England to hold its monetary policy for longer continued to weigh...
On Friday the Japanese yen traded slightly stronger in Asia after the death of Saudi Arabia's King Abdullah, the main U.S. ally on oil policy and diplomacy that raised questions about whether the succession plan would keep the bonds tight...
This Asian stocks advanced Friday, driven by a long waited move of the European Central Bank, which also set off gains in Europe and on Wall Street, according to The Washington Post...
Today’s “larger-than-expected” QE program from the ECB will no doubt influence markets for years to come, but one of the most obvious immediate impacts has been the strength in gold...
