WTI near two-week low

Note: This section contains information in English only.
Source: Bloomberg
WTI was near its weakest price in the last two weeks before released government data, which may signal weakened oil demand in the U.S. The nation's stockpiles have increased for three consecutive weeks to 217.9 million barrels, creating speculation on the decreased demand. September futures were traded at $101.11 per barrel, up 14 cents, but they went down 70 cents to $100.97 yesterday, the lowest since July 15.
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Wed, 30 Jul 2014 07:53:49 GMT

Kiwi exposed to intervention

New Zealand's overvalued currency may experience further declines after the RBNZ warned the Kiwi's level is "unjustified". The Reserve Bank of New Zealand lifted the official cash rate by 0.25% to 3.5% in July, the fourth raise since January. The Kiwi reached its strongest level since August 2011 in July this year. The New Zealand's currency, however, fell to 85.03 U.S. cents today, the lowest in

Wed, 30 Jul 2014 08:26:17 GMT

Wall Street stocks fall

Shares declined on Tuesday as negative outlook for companies such as UPS and FedEx caused the US indexes to end the day lower. UPS lost 3.7% and FedEx fell 1.6% due to disappointing earnings reports. One of the few positives was Twitter, which leaped 14.5% as its revenue doubled. Overall, the DJI declined 0.41% and the S&P 500 fell 0.45%.

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