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Japanese Government Cuts 2014 Economic Growth Forecast

July 22nd, 2014 (0)
The government on Tuesday cut its forecast for Japan’s economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike, the first in 17 years, may ...

Technical Analysis Gold Stable Ahead of Key US Data

July 22nd, 2014 (0)
Gold has edged lower on Tuesday, as the spot price stands at $1306.09 per ounce in the European session. On the release front, it’s a busy day in the US, highlighted by Core CPI and Existing Home Sales, the ...

Brent Oil Near $108 with Focus on U.S. Stockpiles

July 22nd, 2014 (0)
Brent crude held steady above $107 a barrel on Tuesday, with worries over escalating geopolitical tension balanced by expectations of large draws in U.S. oil stockpiles. Speculators mostly kept on the sidelines, with light volumes across most risk assets ...

Gold Posts Slight Gains on Ukraine Plane Crash, Gaza Hostilites

July 21st, 2014 (0)
Gold prices have moved slightly higher on Monday, as fighting rages in Gaza and tensions increase in Ukraine. In the European session, the spot price stands at $1316.03 per ounce. On the release front, there are no US releases ...

Gold Retreats From $1320 Line

July 18th, 2014 (0)
Gold started Friday trading just below resistance at $1320, and has dipped lower, losing much of the gains we saw a day earlier. In the European session, the spot price stands at $1309.60 per ounce. On the release front, ...

U.S. Oil Trade Imbalance With Canada Shrinking

July 18th, 2014 (0)
Thanks in large part to its energy-rich oil sands, Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance has begun to shrink, primarily because of the recent U.S. ...

SEC targets 10 firms in high frequency trading probe – SEC document

July 18th, 2014 (0)
The U.S. Securities and Exchange Commission (SEC) has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its ...

Profit Surges at Morgan Stanley

July 17th, 2014 (0)
Morgan Stanley said on Thursday that its second-quarter earnings surged, driven largely by growth in the firm’s wealth management operations and by strong performances in investment banking and equity sales. Excluding certain charges relating to its debt and a ...

Gold Steady Ahead of Key US Numbers

July 17th, 2014 (0)
Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment ...

New sanctions cause Russian shares and rouble to tumble

July 17th, 2014 (0)
The United States imposed its toughest sanctions yet on Moscow on Wednesday, and Russian stocks and the rouble tumbled on Thursday. Safe-haven assets such as gold, yen and German bonds rose. The rouble-traded MICEX stock market dropped 2.5 percent ...
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