Greenback advanced after ISM

Source: Marketwatch

The U.S. dollar edged higher on Wednesday as U.S. manufacturing shrank last month and as Federal Reserve may announce new policy measures. The ICE dollar Index added 0.01 per cent, while more advanced WSJ dollar index rose by 0.07 per cent. The greenback strengthened versus the shared currency and was trading at $1.2304, from yesterday's $1.2314.

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Wed, 01 Aug 2012 20:37:54 GMT

EU's manufacturing activity dropped to a three-year low

The Eurozone's manufacturing Purchasing Managers' Index tumbled to 44 from the previous 45.1 in July, the lowest since 2009. Meanwhile, the Euope's biggest economy also contracted, with PMI Index at 43 level. Any reading below 50 signals contraction. The fall may be explained by declined orders, which led to cost cutting and as a result more job losses.

Wed, 01 Aug 2012 20:15:54 GMT

Oil soars as stockpiles tumbled

On Wednesday, August 1, oil futures soared, as the U.S. Energy Department reported on tumbled supplies. Stockpiles declined by 6.52 million barrels to 373.6 million barrels, six times more than it was expected. Soon after the data, crude oil for September settlement jumped 0.9 per cent, to $88.87 per barrel during today's New York trading session. The boost was also provided by the speculations about

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