Market News and Research
GBP/USD stopped by 1.5240/33
Fri, 17 May 2013 08:37:14 GMT
A battle between the bulls and bears at 1.5240/33 has not yet revealed a victor; however, given that a March-April recovery proved to be unsustainable, the Cable should be inclined >>
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EUR/USD gravitates towards 1.2772/45
Fri, 17 May 2013 08:37:05 GMT
It looks like 1.2874/46 will be unable to withstand bearish pressure and thus will give in, endangering a more reliable support at 1.2772/45. >>
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Philly Fed Index contracts in May
Fri, 17 May 2013 08:33:03 GMT
Manufacturing activity in Philadelphia's area surprisingly contracted on May largely due to a notable 7.9% fall in new orders and a 8.5% drop in shipments, a survey revealed by the >>
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Japan's core machinery orders gain in March
Fri, 17 May 2013 08:22:06 GMT
Japan's core machinery orders climbed notably, gaining for the fifth month out of six in March, when they surged 14.2% standing at 793.1 billion yen, a report released by the >>
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New Zealand's producer prices advance in Q1
Fri, 17 May 2013 08:11:05 GMT
Producer prices in New Zealand increase in the first three months of 2013 from the quarter before beating a forecast of economists, the Statistics New Zealand reported on Friday. The >>
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U.S. jobless claims rebounds in week ended May 11
Fri, 17 May 2013 08:00:03 GMT
Initial claims for unemployment benefits in the U.S. bounced back by more than originally expected in the week ended on May 11, the latest figures released by the Labor Department >>
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China's leading economic indicator advances in April
Fri, 17 May 2013 07:49:06 GMT
China's leading economic indicator measuring current activity advanced in April as four of the six main components contributed positively to the result on the month, the Conference Board reported on >>
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Morning Press Review
Fri, 17 May 2013 07:38:45 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. >>
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Farm commodities drop on rain prospects in Australia, Russia and Ukraine
Fri, 17 May 2013 07:35:05 GMT
Farm commodities were bearish as improved sowing outlook sank grains, while expectations of strong Brazil's harvest pushed softs lower. At the same time, firm U.S. exports as well as rising >>
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Energy futures climb despite expected increase in OPEC exports
Fri, 17 May 2013 07:24:06 GMT
Energy futures apart from natural gas traded in positive area as a recent fall in U.S. crude oil inventories continued to lend support to the commodity group. However, the upswing >>
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Industrial metals rebound despite bearish U.S. data
Fri, 17 May 2013 07:13:05 GMT
Industrial metals except for nickel rebounded on Thursday despite negative headlines from the U.S. Manufacturing activity in the Philadelphia region unexpectedly shrank in May, while the number of Americans applying >>
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Precious metals mixed amid weak investor demand, dismal U.S. numbers
Fri, 17 May 2013 07:02:07 GMT
Precious metals were mixed on Thursday despite speculation that worse-than-expected U.S. numbers will keep the Fed's monetary policy loose. However, broadly stronger U.S. Dollar and shrinking ETF holdings put heavy >>
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New Zealand budget to return to surplus
Fri, 17 May 2013 06:18:03 GMT
New Zealand's government pledged to return the nation's budget to a surplus in 2015, meaning it will be the first in seven years, as rebuilding earthquake-devastated Christchurch city boosts economic >>
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Japan core machinery orders surge in March
Fri, 17 May 2013 06:07:05 GMT
Japan's core machinery orders jumped more-than-expected, increasing a seasonally adjusted 14.2% to 793.1 billion yen in March from February, the fastest monthly pace in 8 years, as companies have become >>
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BoE upgraded growth forecast
Fri, 17 May 2013 05:56:03 GMT
The Bank of England has upgraded its growth forecast on Thursday, as the economy is showing signs of recovery. Moreover, the BoE has lowered its inflation outlook for the first >>
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