Search Results for: Dollar
Yen Extends Slump on BOJ Move, Asian Stocks Advance: Market Wrap
January 27th, 2017
Mexican peso slides for second day, gold’s decline contines Greenback still set for monthly drop despite recent gains The yen extended its biggest decline in a week and Japanese bonds rose as the nation’s central bank stepped in to ...
Oil prices rose
January 26th, 2017
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures ...
Asian Stocks Extend Rally After Dow Tops 20,000: Markets Wrap
January 26th, 2017
MSCI Asia Pacific Index trading at highest since July 2015 Gold extends decline while bonds and dollar remain steady A global equities rally gathered speed as Asian stocks climbed to the highest level since July 2015 after the Dow ...
Massive Demand for UK Gilts Spurs GBP/USD Higher
January 25th, 2017
The Pound to Dollar exchange rate trades at 1.2571 and is the best-performing currency in the G10 space. The Pound to Euro exchange rate trades at 1.1693 with an attempt at 1.17 already having been made today. Gains are ...
Oil eases on rising U.S. inventory, market looks to EIA data
January 25th, 2017
Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude LCOc1, the international benchmark for oil prices, had ...
Asia Stocks Extend Global Rally on Growth Optimism: Markets Wrap
January 25th, 2017
S&P 500 Index climbs to record as commodity shares advance Australian dollar slides on weaker-than-expected inflation Stocks in Asia joined a global equities rally as corporate results reignited investors’ optimism in economic growth. A surge in commodities prices bolstered ...
What’s next for blockchain and cryptocurrency
January 24th, 2017
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had purchased anything with the new digital currency, which at ...
Is Europe Headed For A Political And Financial Crisis In 2017?
January 23rd, 2017
Is Europe Headed For A Political And Financial Crisis In 2017? While most eyes are on the dramatic shifts possible for U.S. economic policy as Donald Trump is sworn in as president on January 20, similarly deep political currents ...
Elliott Wave Analysis: USD Index Trading In A Temporary Correction; More Gains Ahead
January 23rd, 2017
The updated chart of USD Index shows us that pair is trading at the start of red wave 5) of 3, that can face a minimum three wave corrective reversal after blue wave 3-circled finds a top. Afterwards a ...
Gold – a primer for 2017
January 22nd, 2017
You know when to buy gold: it’s when nearly every trader and commentator tells you that gold is going lower and you should sell it. This is Harry Dent on 10th January: “I still see gold landing somewhere between ...
