Market News and Analysis
Heating oil rallies as US inventories drop more than expected
Thu, 28 Mar 2013 08:20:09 GMT
Energy futures were bullish on Wednesday despite larger-than-expected increase in the US crude oil inventories last week. Moreover, weak consumer confidence in the Eurozone coupled with Italian political woes added >>
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Industrial Metals
Thu, 28 Mar 2013 08:09:05 GMT
Base metals apart from copper were bullish on Wednesday on weaker US
Dollar and soft demand for growth sensitive assets amid political
instability in Italy. At the same time, mixed >>
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USD/CHF spikes beyond 0.9512
Thu, 28 Mar 2013 07:58:40 GMT
An upside risk noted yesterday has proven to be well-justified, since we have witnessed a sharp rally from 0.9470/68 that did not respect an accelerated up-trend resistance line, piercing it >>
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USD/JPY stays calm
Thu, 28 Mar 2013 07:58:27 GMT
Violation of the rising support line has not yet introduced substantial changes into the price action, as USD/JPY remains largely flat, contained by 93.59, the 55-day SMA, from below and >>
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GBP/USD's outlook stays bearish
Thu, 28 Mar 2013 07:58:11 GMT
The Cable carries on moving away from the formidable resistance area at 1.5221/1.5177, as selling pressure there disables bulls and thus prevents rallies. >>
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EUR/USD gravitates towards 1.27
Thu, 28 Mar 2013 07:57:56 GMT
After overcoming a short period of hesitation near 1.2815 the pair continued the decline and encountered 1.2774/65, which appears to be a stronger support line than the previous one. >>
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Zinc climbs on signs of strong spot demand at LME
Thu, 28 Mar 2013 07:56:06 GMT
Base metals apart from copper were bullish on Wednesday on weaker US Dollar and soft demand for growth sensitive assets amid political instability in Italy. At the same time, mixed >>
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Precious Metals
Thu, 28 Mar 2013 07:45:07 GMT
Precious metals except for silver advanced on Wednesday as ongoing
political instability in Italy boosted safe-haven appeal of the
commodity sector. Weaker US Dollar also supported the commodity group.
Meanwhile, >>
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Palladium up as biggest producers create trading bloc
Thu, 28 Mar 2013 07:34:06 GMT
Precious metals except for silver advanced on Wednesday as ongoing political instability in Italy boosted safe-haven appeal of the commodity sector. Weaker US Dollar also supported the commodity group. Meanwhile, >>
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Morning Press Review
Thu, 28 Mar 2013 07:23:06 GMT
Stay informed about the latest news on the economy, politics, FX by reading our press review with top videos and comments from world's leading financial bloggers.To view this report in >>
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Japan retail sales decline in February
Thu, 28 Mar 2013 07:12:39 GMT
Japan retail sales fell more than expected in February, declining by 2.3% from a year earlier following a 1.1% drop the previous month, according to the Ministry of Economy, Trade >>
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Kumiko Gervaise, FX Market Analyst at Gaitame.com Research Institute, on USD/JPY and EUR/JPY
Wed, 27 Mar 2013 17:18:09 GMT
One of the key events is the BOJ monetary policy meeting that will take place from 3 to 4 April. This is the first meeting for the new BOJ Governor >>
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Raw sugar in New York slips to 5-week low
Wed, 27 Mar 2013 17:07:14 GMT
Raw sugar futures traded in New York decreased to its weakest level in five weeks on Wednesday, while its futures traded in London dropped amid speculation that Brazil's new crop >>
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Pound hit six-week high on Wednesday
Wed, 27 Mar 2013 16:56:06 GMT
The British Sterling appreciated to its highest level in six weeks against the Euro as a demand for the U.K. currency as a haven asset was boosted by the funding >>
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European shares drop amid stake sales on Wednesday
Wed, 27 Mar 2013 16:45:10 GMT
Equities in Europe tumbled on Wednesday erasing the previous gains amid stake sales of private-equity owned company TDC and two companies owned by the French and Belgium government, Safran SA >>
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