Oil poised for five-week high amid Saudi Production Cut

Note: This section contains information in English only.
Source: Bloomberg
Oil reached its fifth weekly gain after Saudi Arabia decreased production and investors speculated the recovery of global economy would increase fuel demand. WTI oil for February settlement dropped 2 cents reaching $93.80 a barrel, while futures climbed to $93.82, up 72 cents, the strongest since September. Meanwhile, Brent for February delivery fell to $111.65 a barrel. 

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Fri, 11 Jan 2013 12:14:08 GMT

Pound debases versus Dollar as U.K. manufacturing declines

The Pound Sterling debased versus the greenback and shared currency as a report indicated the U.K. manufacturing production dropped in November. The Pound fell 0.2% to $1.6129, while it weakened to 82.30 pence per Euro, down 0.3%. U.K. government bonds surged, with the 10-year yield declining one basis point to 2.08%.

Fri, 11 Jan 2013 10:48:04 GMT

Australian Dollar depreciates from a 4-month high on technical signals

The Australian Dollar, also called the Aussie, was lower by 0.1% to $1.0584 in the end of Sydney trading session on Friday. The Aussie weakened, as the currency has reached the highest level in four months recently, thus technical indicators implied an overbought situation and too rapid appreciation. Weakening economic situation and increasing unemployment in Australia force the RBA to

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