Search Results for: Economic Outlook
Euro to US Dollar: Forecast for next five days
May 15th, 2017
Euro to US Dollar looks like it is cycling lower after the sharp drop from the 1.1000 highs. We still see a risk of a breakdown to fill the gap left after the jump higher following the first round ...
China shares gain on spending program
May 15th, 2017
Hang Seng China Enterprises Index on course for six-day surge Oil climbs as Russia, Saudi Arabia favor extending output deal Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged ...
EU raises eurozone growth forecasts
May 12th, 2017
Economic growth in the eurozone this year should be a bit better than previously forecast according to the latest outlook unveiled by EU Economic and Financial Affairs Commissioner Pierre Moscovici. Gross domestic product for the 19-country bloc is expected ...
Dollar inches away from eight-week high vs yen; focus on U.S. data
May 12th, 2017
The dollar traded below an eight-week high against the yen on Friday, with the near-term focus on whether coming U.S. economic data would provide the catalyst for further gains in the greenback. The dollar eased 0.1 percent to 113.70 ...
The Central Bank of New Zealand left the Official Cash Rate unchanged
May 11th, 2017
Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based over recent months. However, major challenges remain with on-going ...
Dollar hits eight-week highs vs. yen, kiwi tumbles
May 11th, 2017
The dollar edged lower after notching an eight week high against the yen on Thursday in Asian trade, while the New Zealand dollar tumbled after its central bank suggested a tightening was further out than markets had priced in. ...
ICO flags hedge fund role in coffee price tumble
May 10th, 2017
Hedge funds are the primary cause of the drop in coffee prices which has driven both arabica and robusta futures to multi-month lows, the International Coffee Organization said, noting broad correlations in commodity moves. The ICO, which said that ...
UBS released first quarter 2017 results
April 28th, 2017
The Swiss global financial services company UBS AG has issued today a press release to announce its its results for the first-quarter 2017. According to the announcement, UBS published the below results: Adjusted1 profit before tax CHF 1.9bn, up ...
Oil edges up after six days of straight losses
April 25th, 2017
Oil prices inched up on Tuesday but markets remain under pressure following six consecutive sessions of declines as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with fuel. U.S. ...
Here’s what Venezuela’s deepening crisis means for oil prices
April 21st, 2017
Venezuela and its worsening economic and political crisis may be an underappreciated wild card when it comes to the outlook for oil prices. The nation, which has the world’s largest oil reserves, is suffering an economic collapse that has ...
