All Blogs
The New Zealand economy grew very slightly in the first quarter in the last two years, so the more strengthen the possibility for the Central Bank of New Zealand (RBNZ) toreturn to slashing benchmark interest rate (OCR) at least next month...
The dollar dipped after the FOMC statement as investors viewed the Fed statement and remarks by Chairwoman Janet Yellen with a dovish cast. The central bank also lowered its interest-rate projections for the coming years...
USD remains the strongest currency in the longer term. The recent Core CPI and NFP readings have reaffirmed USD strength amid speculation of a rate hike by September...
Silver market is showing several multi-year extremes. That indicates that a big move is underway. Since its peak in 2011, silver lost approximately 70% of its value. Since last November, silver has formed a support area on its chart right below $16.00 per oz...
Kitco News host interviews Philip Newman, director of Metals Focus, for his forecast for gold and silver, which appears to be positive...
On Thursday the Swiss franc rose even higher reaching fresh one-month highs against the dollar after the Swiss National Bank left its deposit rate unchanged at a record low. The regulator said, however, that it is ready to take further action to weaken the franc...
At least 8 perpetrators are on board the hijacked MT Orkim Harmony which was detected in Cambodian waters on Thursday and they are armed with pistols and 'parangs', said Malaysian navy chief Admiral Tan Sri Abdul Aziz Jaafar. "At least 8 perpetrators are onboard...
Syria overtook Afghanistan to become the world's biggest source of refugees last year, while the number of people forced from their homes by conflicts worldwide rose to a record 59.5 million, the United Nations' refugee agency said Thursday...
Chinese stocks head for the biggest weekly loss in six years as IPOs drain cash from the market this week and as investors are wary that the market is in a bubble...
The dollar dropped to one-month lows against a basket of other major currencies on Thursday, as the Federal Reserve's latest policy statement weighed broadly on demand for the greenback and as investors eyed upcoming U.S. inflation and jobless claims data...
This should be able to work provided that the chief officers of the center espouse the right backgrounds and include experience from both public and private sectors and academia, where appropriate...
Why Is This Event Important: Signs of stronger price growth may keep the Fed on course to raise the benchmark interest rate later this year, but a continuation of the disinflationary environment may encourage the central bank to retain the zero-interest rate policy (ZIRP) beyond 2015 in an effort...
The new government, which is barely getting into its stride, very early established acceleration of the infrastructure requirement for the nation as a top priority, recognizing that tackling the fundamental issues of poverty and unemployment, the perennial bugbear of a developing country, greatly...
Bullish Triangle The first scenario to unpack is that the EURUSD is placing the finishing touches on a triangle masterpiece. This means the triangle is the ‘B’ wave of an A-B-C upward movement. If this is correct, then a ‘C’ wave would be a breakout to higher levels that begins from nearby levels...
On Thursday the pound sterling reached seven-month peak against the greenback when data showed that U.K. retail sales rose last month. The dollar was weaker after the FOMC statement...
Give Us Money and Jobs, Indonesia Says to China Indonesia—Indonesia has been betting on China to help bankroll its many planned infrastructure projects. Now it’s banking on Asia’s biggest economy to tackle another issue in this nation of 250 million people: unemployment...
The eurozone finance ministers meet in Luxembourg on Thursday afternoon, with Greece in focus. However, hopes for a deal faded away after Greek Prime Minister Alexis Tsipras said he’ll reject any agreement that imposes “catastrophic” policies on the burdened country...
According to Kitco News analyst Gary Wagner, in the FOMC press release, the seeds can be found of a further pushing back of a Federal Reserve interest-rate hike until December...
On Thursday the greenback extended losses against the yen and the euro as the U.S. central bank failed to demonstrate clear commitment to raise rates in September...
