Even though gold prices moved higher on Friday due to a softer US Dollar, the yellow metal stayed close to its three-week low. This was primarily driven by fresh indications that the Fed could hike interest rates before the end of 2015. Spot gold stood at $1,145.55 per ounce, with little changes from late Thursday's $1,145.51. US gold futures for
Consumer prices in the Euro Area have slightly moved up in spite of persisting low prices for energy. Unemployment in the 19-nation bloc also eased further in the prior month. According to European statistics office, inflation in the Eurozone rose by only 0.1% on month. With regards to unemployment, it has reached the lowest level since 2012, dropping to 10.8%
Prices for crude oil gave up earlier gains amid traders' reaction to weaker-than-expected US economic growth in Q3 and worries about an increasing global glut. Futures for WTI for December delivery dropped $0.27 trading at $45.77 per barrel, whereas Brent futures for delivery in December were down $0.22 to trade at $48.58 per barrel. Economists expect oil prices to fall
The Australian Dollar rose against its US counterpart on Friday, as the Greenback was mostly easing after the recent rally, while traders were taking profits. The AUD/USD pair managed to rise above the $0.71 handle in the session, trading 0.44% higher at $0.7104 by 09:45 AM GMT. Meanwhile, the recent report from Australia revealed that country's PPI for the third
The US Dollar was trading lower against the Euro, which continued its recovery for the second consecutive session, primarily due to weaker US data that pushed the Greenback lower. The single European currency broke the handle of $1.10 after plummeting beyond 170 pips following Wednesday's FOMC meeting. The EUR/USD currency pair moved 0.31% higher to reach $1.1009.
Japanese stocks rose on Friday, following the BoJ's decision to hold its monetary policy unchanged, while other stocks across Asia closed the session mostly lower. Nevertheless, Asian markets are headed for their best month in six years. Japan's Nikkei closed 0.78% higher, while the Shanghai Composite Index declined 0.13%. The Australian S&P ASX dropped 0.52%, Hong Kong's Hang Seng edged
The Kiwi rebounded strongly versus the US Dollar on Thursday, after being depreciated by the Fed and RBNZ statements, paring most of the losses on the back of the disappointing US GDP data. The NZD/USD was traded 0.1% lower at $0.6692 by 12:37 PM GMT, after recovering from session's low at $0.6648. Meanwhile, the early estimate of the US GDP
UK retail sales increased at their slowest rate in October following a surge in the previous month, as shown in the survey from the Confederation of British Industry. The balance of UK retail sales in general slowed to +19 year-on-year, down from September's 49+. That was considerably below economists' forecasts of +35 and retailers' expectations of +51. The latter project
Bullion prices tumbled sharply on Thursday following the news that the Federal Reserve expects a hike in interest rates at the end of 2015. Gold futures for delivery in December were down 1.22% to reach $1,161.80 per troy ounce, whereas silver eased 1.95% trading at $15.975 per troy ounce. Futures for Copper for delivery in December slipped 0.74% to trade
The currency pair consolidated steep losses following the Federal Reserve's announcement that renewed speculations of an interest rate increase in December. The British Pound dropped to $1.53, unable to resist against the stronger US Dollar and stuck at 60 pips from the start of the week. On Thursday, the Cable was 0.02% up at $1.5265.
Equity markets outside Japan and China declined on Thursday, as the Fed decided to maintain near-zero interest rates, but reserved the option to hike rates at their next gathering in December. The Shanghai Composite Index added 0.38%, while Hong Kong's Hang Seng declined 0.6%. Elsewhere, Japan's benchmark Nikkei index advanced 0.17%, the Australian S&P ASX dropped 1.28%, while South Korea's
Crude futures dropped on Thursday, as traders are taking profits after the massive rally in the previous session driven by the second smallest growth in the US stockpiles in the past five weeks. Futures for WTI declined 1.37% to trade at $45.32 per barrel, while Brent futures slipped 1.2% to $48.46 per barrel by 08:35 AM GMT. On Wednesday, both
Crude oil prices dipped lower extending losses from the previous session amid growing worries over an excess of supply and with US inventory data expected to reveal another rise in crude stockpiles. WTI futures for December delivery dropped $0.58 to trade at $43.40 per barrel, whereas futures for Brent for December delivery were down $0.40 trading at $47.14 per barrel.
The currency pair was seen at its two-month low and an additional decrease is expected in case the economic output of the UK meets forecasts. During the European morning session there was minimal volatility and the cross consolidated at around £0.72. Later today, the preliminary UK GDP estimate for the third quarter is due and is expected to be down
After the release of the German Ifo Business Climate Index for October, which appeared to be somewhat better than that of the previous month, the Euro proceeded higher. The EUR/USD currency pair changed hands on the upside after a sharp decline witnessed during the end of the prior week, stepping up 0.24% to reach $1.1038. The single currency fell to
Europe's number one economy's business sentiment revealed a decline in the tenth month of the year, the first time in the last four months. The Ifo Business Climate Index fell to 108.2, below 108.5 booked in September, however, beyond the expected figure of 107.8. The present assessment sub-survey recorded 112.6 points in October, after the prior month's 114 points, while
The New Zealand Dollar jumped up against its US counterpart due to the currency's recovery from the Bank of China's surprising announcement of an interest rate cut. The Kiwi reached $0.6793 during Monday's early European session, which was the session high. Following that, the currency pair was up 0.30% changing hands at $0.6772. Compared to the Euro, the Kiwi was
Prices for crude oil stayed weak on Monday due to a slowing demand outlook implying that an excess of supply will persist for the next months. WTI futures for December delivery were $0.14 higher to trade at $44.74 per barrel. Brent futures for delivery in December were also up by $0.14 trading at $48.13 per barrel. The oversupply in oil
The continuous weakening of the Greenback keeps boosting both the Euro and the British Pound, pushing the currency pairs to higher levels. At the current moment, EUR/GBP gained 0.06% and trades at around £0.72, having recovered from the lows of 0.7183. The EUR/GBP pair stepped up from 0.7169 hit on Friday. Later today, the release of the German Ifo data
Crude futures dropped on Wednesday, following a bigger-than-anticipated growth in the US oil reserves, with traders also waiting for the OPEC meeting in Vienna. Futures for WTI fell 1.71% to trade at $45.50 per barrel, while contracts for Brent were traded 1.35% lower at $48.05 per barrel by 07:30 AM GMT. Crude stocks in the US jumped by 7.1 million
Investors bought the shared currency on Tuesday and it was seen rising against the US Dollar, even though the data session in the Euro zone revealed unsatisfying figures for the current account and the German PPI. EUR/USD advanced 0.29% to $1.1356 by 09:20 AM GMT. Concerning the economic data, the current account in the Euro area for August dropped notably
The New Zealand Dollar advanced against its US counterpart on Tuesday ahead of Fonterra's dairy auction, which will be followed by a public speech of Fed's Chair Janet Yellen. The NZD/USD pair added 0.76% to trade at $0.6837 by 08:05 AM GMT, recovering from Monday's low of $0.6780. The Kiwi benefited from rising prices of dairy products, as New Zealand
The Australian Dollar jumped against the Greenback on Monday, as the Chinese economic growth slowed lesser than were anticipated in the third quarter. The AUD/USD pair advanced 0.59% to $0.7304 by 08:27 AM GMT. The better-than-expected headline number from the world's second biggest economy also improved the economic outlook for Australia, as the trade with China continues to contribute more
Equity markets in Asia were mixed amid choppy trade on Monday, as the GDP data from China showed that the world's second largest economy cooled lesser than expected. The Shanghai Composite Index dropped 0.11%, while Hong Kong's Hang Seng slipped 0.05%. Elsewhere, the Japanese benchmark Nikkei fell 0.88%, the Australian S&P ASX edged 0.03% higher, while South Korea's Kospi index