The ratings agency Moody's said cheap oil will not boost the global economic growth, as it would be offset by the eurozone's economic woes as well as slowdowns in China, Japan and Russia. Thus, the agency would not be revising its growth forecasts for the G20 countries...
The greenback is mostly advancing vs. its main competitors on Wednesday, with the exception of the British pound. In the meantime, markets’ focus remains on the extraordinary Eurogroup meeting due later in the European evening...
The TD Securities Team shares the performance of the markets during the mid-European session, noting that DM FX trades mixed as markets eye the Eurogroup meeting. Key Quotes “With no major data releases in the US or the Eurozone, today the focus of the markets is on political developments...
GBP/USD extended gains and climbed during the European session, heading gradually towards 1.53 threshold as traders now eye Bank of England’s BOE inflation report due tomorrow. Rises from 1.5275 levels The GBP/USD pair trades higher by 0.27% at 1...
The New Zealand dollar continues its upward trajectory against the US dollar in the mid-European session, although the upside remains capped by a strong resistance around 0.7450 levels. Supported above 0.7400 Currently, the NZD/USD trades higher by 0.32% on the day, at 0...
The British currency rose against its US peer on Wednesday, however gains were capped, as market players were concerned over Greece's uncertain future in the euro zone...
Silver prices advanced today to trade above the 50-DMA located at USD 16.797/Oz levels. Prices stuck between 5-DMA and 10-DMA The metal is currently trading between the 5-DMA and the 10-DMA located at USD 16.882 and USD 17.075 respectively...
Senior Analyst Jens Pedersen at Danske Bank remarked the recent assessment of the ECB’s QE programme by the G20...
Gold prices on Comex steadied in the mid-European session, hovering near highs, as traders remain wary ahead of Euro group meeting on Greece. Greece in focus Currently, gold trades higher by 0.40% at 1237levels, having posted daily highs at 1238.70 levels earlier in the day...
The New Zealand dollar rose against its U.S. peer on Wednesday, but gains were seen limited as market players were concerned over Greece's future in the euro zone...
The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Copper, Zinc, Aluminium and Nickel, while Lead stocks increased. Copper stocks decreased by 750 tonnes, while Nickel inventories also declined by 72 tonnes...
On Wednesday gold edged up as the dollar took a breather after recent gains and as financial markets were jittery regarding Greece's future in the euro zone...
On Wednesday Brent crude was stable above $56 a barrel. U.S. crude climbed more than $1, after a smaller-than-expected rise in U.S. crude stocks was viewed by some as a sign that a supply surplus was starting to decline...
Analysts at Danske Bank, explain that leading indicators suggest that growth in euro area is picking up. Key Quotes “In the euro area, leading indicators across the board suggest that growth is picking up.” “The OECD leading indicator has improved for several months...
USD/JPY maintained its upside momentum in the European morning and wavered near fresh monthly highs after upbeat US jobs data continues to support the greenback. USD/JPY eyes 120 mark Currently, the USD/JPY traded higher by 0.11% at 119...
On Wednesday the Aussie dollar traded nearly flat in Asia on a mix of upbeat housing data and consumer sentiment but as investors focused on Greece, and China data ahead...
Gold prices on Comex advanced amid thin Asian demand, rebounding from near one month-lows reached in the previous session, as traders continue to speculate over Greece’s future. Stuck below 200-DMA Currently, gold trades higher by 0.41% at 1237.30 levels, having posted daily lows at 1233...
Ross William Ulbricht, 30, founded Silk Road, which became the internet’s largest black market. Authorities estimated $1.2 billion in sales were made on the site before it was shut down. The homepage to Silk Road 2...
Strategists at Westpac remark the relevance of the 1.1205 level in EUR/USD. Key Quotes “Still not a lot going for the euro right here even though its more stable price action lately speaks to a better tone”...
The US dollar is prolonging its momentum vs. its Canadian counterpart on Tuesday, pushing USD/CAD beyond the 1.2600 handle. USD/CAD firmer on BoC The sharp sell off in the crude oil (down almost 5% around $50...
