From the right and left (hawk and dove) came these rhetorical statements/questions: Senator Richard Shelby of Alabama, Chairman of the Banking Committee said, “Many question whether the Fed can rein in inflation and avoid destabilizing asset prices when the time comes to unwind its massive $4...
US DOLLAR TECHNICAL ANALYSIS Prices are struggling to find follow-through after falling as expected having formed a bearish Evening Star candle pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...
The Nasdaq is doing the most bullish thing a market can do (MarketWatch) but see As FTSE Hits a 15 year Record, Beneath the Surface... (Moneybeat) Climbing the Great Wall of Worry in China (Market Anthropology) The Winners Curse: Too Big to Succeed...
On Wednesday oil prices traded higher, as investors weighed improving economic data from China against signs of a continuing supply glut in the U.S, says The Wall Street Journal...
On Wednesday gold prices edged higher during European trading hours, as China's New Year celebrations finished and as uncertainty over US interest rate rises weighed on the dollar...
The dollar was broadly lower against a basket of other major currencies on Wednesday after Federal Reserve Chair Janet Yellen appeared to indicate that the bank is in no hurry to raise interest rates...
On Wednesday the pound climbed to nearly two-month highs against the greenback, after data showed that last month U.K. mortgage approvals rose more-than-expected, while comments by Federal Reserve Chair Janet Yellen put the U.S. dollar under the pressure...
European equities were mixed in morning trade on Wednesday, as markets awaited a second day of Yellen's testimony and as Greek concerns ease...
On Wednesday the kiwi dollar climbed against its U.S. counterpart on Wednesday, to trade close to a one-month high as remarks by Fed Chair Janet Yellen weighed heavily on demand for the greenback...
Asian shares gained overall on Wednesday with China markets back open and upbeat HSBC China flash manufacturing estimates for February...
When Bitcoin storage is becoming risky thanks to several hacking attempts, the users are worried about the security of their deposits, Bayside Corp. has announced through its subsidiary company Bitcoinz USA, that it has launched Vault 51...
Gold traded near a seven-week low as the dollar strengthened and Greece’s creditors reviewed a list of debt-reduction policies...
On Tuesday the single currency turned flat against the dollar, impacted by the news the Eurogroup approved Greece's reform plan, which was required for Athens to receive a four-month extension on its bailout...
On Tuesday the greenback edged higher against a basket of other major currencies, as markets anticipated congressional testimony by Federal Reserve Chair Janet Yellen later in the day...
The pound held steady against the U.S. dollar on Tuesday, remaining around a one-and-a-half month high as markets eyed the upcoming U.K. quarterly inflation report hearings, as well as congressional testimony by Federal Reserve Chair Janet Yellen...
Copper prices dipped on Tuesday, as fears over Greece kept investors cautious, while markets looked ahead to congressional testimony by Federal Reserve Chair Janet Yellen later in the day...
Industry group Oil & Gas UK calculated that due to falling oil prices and rising costs, the sector spent and invested £5.3bn more than it earned from sales during 2014. The outflow of cash was the biggest since massive investment in platforms in the 1970s preceded the flow of oil...
On Tuesday West Texas Intermediate oil futures declined for the sixth consecutive session on Tuesday, as continuous concerns over a supply glut in the U.S. drove down prices...
The kiwi dollar declined against the other major currencies in the Asian session on Tuesday, after the Reserve Bank of New Zealand said inflation expectations have weakened...
German Bank Fidor Plans Expansion in US German-based internet bank Fidor recently expressed its plans to enter the US markets. The bank has already been in rumors to have tied up a deal with a US company to launch its web-based payment platform Web 2.0, backed by Ripple protocol...
