West Texas Intermediate oil was little changed on Tuesday and traded near its highest level in a five-week period as U.S. crude inventories advanced after domestic production maintained at the highest figure in two decades. May WTI futures were traded at $94.88 a barrel on NYMEX, while Brent oil for May delivery dropped 40 cents to $107.77 a barrel on
The Canadian Dollar, also known as the loonie, appreciated by 0.2% to 1.0213 per U.S. Dollar in the end of Toronto trading session on Monday. The loonie gained versus the majority of counterparts, as crude oil, the largest export of the nation, increased to the highest point in one month.
The Japanese Yen dropped by 0.1% to 94.22 per U.S. Dollar and slipped 0.2% to 121.28 versus Euro in the very early morning of London trading session on Tuesday. The Yen was on a slide, as Haruhiko Kuroda, the Bank of Japan Governor, outlined possible monetary easing alternatives to achieve a 2% annual inflation target. Also, market speculates about policy
Slovenian industrial output dropped in the month of January mainly due to an annual 17.6% fall of mining and quarrying output and a 2.5% decrease in manufacturing production, a report released by the Statistical Office of the Republic of Slovenia showed on Monday. Year-on-year, industrial production tumbled 1.8% in January and it slipped 0.2% on a sequential basis in the
Industrial production in Taiwan decreased at the faster pace than originally predicted in February recording its first annual drop since June 2012, a data released by the Department of Statistics of Economy Ministry showed on Monday. The data said that industrial output shrank 11.45% on an annual basis in February following a 19.05% gain in January.
Rural commodities were mixed on Monday amid unfavorable weather conditions in Brazil and expectations of lower US gains inventories. Meanwhile, cold and wet weather in the top growing areas in the US may slow early grain planting. Wheat retreated after the data showed that crop rating in Oklahoma rose to 25% good or excellent as for Sunday compared to 24%
Energy futures were mixed on Monday amid optimism over Cyprus bailout deal and Ben Bernanke comments. Ben Bernanke defended continuing of loose monetary policies of the Fed, stating that these measures are aiding economic recovery. Meanwhile, market players stared to anticipate the EIA supply reports due on Wednesday and Thursday. Crude oil traded near a one-week high as news that Cyprus
The Australian Dollar traded at $1.0466 level in the end of Sydney trading session on Tuesday. This level is 0.1% lower from its highest point at $1.0480 in two previous months. Traders were positive on the Aussie amid speculation that the Reserve Bank will cut the key interest rate from a 3% benchmark during a policy makers meeting on the 2nd of April.
Industrial metals gave back their previous gains on Monday as market players lost enthusiasm for a Cyprus bailout deal. Investors focused on weak China's demand and elevated inventories at the LME and SHFE. Aluminum finished in red as surplus on physical markets as well as a slowdown in China's imports put a lid on the lightweight metal. However, forecasts of
Precious metals were mixed after Cyprus secured EUR10 billion bailout from the EU and the IMF. Cyprus bank deal sparked a rally in growth-sensitive assets and weighed on safe-havens. Adding pressure on the commodity sector, the US Dollar rose against its major counterparts. Gold approached a one-week low as an agreement on Cyprus bailout dampened safe-haven appeal of the yellow
On Mar 25 traders were willing to buy the U.S. Dollar and USD/CHF pair was not an exception, as the price surged sharply to the monthly R1 level at 0.9488.
Yesterday USD/JPY depreciated from the 20-day SMA at 95.05 and was halted by the weekly S1 at 93.98.
The major currency pair was moving very confident above the 20-day SMA at 1.2978 yesterday, but as London trading session opened, the price sharply dropped, reaching the lower Bollinger band at 1.2852 and setting a new low at 1.2830.
The Cable maintains correlation with other greenback peers and slightly depreciated to the weekly pivot point level at 1.5177. The pair is still firmly positioned in the upper part of Bollinger band, but movement there demonstrates low volatility and absence of desire to breach upper levels.
U.S. stocks dropped on rising concerns that the Cyprus's banking system's restructuring plan will cause losses on deposits in other European banks as well. The S&P 500 Index declined 0.3% to 1,551.69 after surging 0.5% earlier. All sectors in the gauge posted losses. Ebay Inc. lost 3.7% for the biggest slump in the index, as investors became cautious about a
Chile's currency reached a one-week high on Monday as demand for emerging-market assets was boosted by situation in Europe, where the Cypriot lawmakers agreed on a new bailout plan for the country's failing economy. The Chilean Peso appreciated less than 0.1% to 472.53 per U.S. Dollar at 10:25 Santiago's time reaching its highest closing level since March 18.
Finland's factory gate inflation decreased significantly in the month of February mainly due to a slowdown of the manufacturing sector's producer price index, which fell from 0.7% in January to a level of 0.1% in February, the Statistics Finland reported on Monday. The report also showed that price of goods sold in Finland added 0.9% on an annual basis in
House prices in the United Kingdom grew at the fastest rate in a three-year period in the month of March mainly due to a notable increase of prices in London amid higher demand for properties, the Hometrack reported on Monday. Prices of houses in England and Wales improved by 0.3% in March from the month before, while in London prices
Italy's trade balance with countries outside of the European Union came in a surplus in February after it resulted in a deficit the month before, a report released by the statistical office Istat showed on Monday. The Italian non-EU trade balance was 704 million euros in February following a deficit of 2.28 billion euros in January, while in February 2012
The Chinese currency advanced beyond a level of 6.21 per U.S. Dollar, its highest level in nineteen years, as the nation's central bank decided to raise its currency's reference rate and after a demand for emerging-market assets was boosted by new bailout agreement in Cyprus. The Yuan increased 0.02% to 6.2107 per U.S. Dollar after it touched a 19-year high
The South African currency continued its three day rally on Monday as a strike at the nation's second largest coal miner came to an end and after Cyprus's agreement of a new bailout plan for the country's faltering economy boosted demand for more risky assets. The Rand appreciated 0.5% to 9.2572 per U.S. Dollar after it recorded a loss of
U.S. Treasuries dropped for a second straight day after the Cypriot lawmakers agreed on a new bailout plan in order to avoid the nation's default curbing demand for U.S. assets. The U.S. benchmark 10-year yields recorded the highest level in a week, when it climbed by three basis points to 1.95% earlier on Monday in New York.
Producer price inflation in Spain recorded its lowest level in three years in the month of February mainly due to an energy costs slowdown, a data released by the statistical office INE showed on Monday. Spain's producer prices accelerated only by 2.1% on an annual basis in February, the slowest growth since February 2010, while in January they rose annually
The Italian consumer confidence index fell in the month of March from the level of 86 recorded in February to 85.2 the following month, the statistical office Istat showed in a report on Monday. The report showed the economic climate index dropped from 72.7 in February to 68.8 in March, while the personal climate index slipped to 91.4 from February's