The New Zealand Dollar dropped on Friday, following the fall in the ANZ business outlook indicator and the negative sentiment in the local private sector. The NZD/USD pair dipped 0.7% to $0.655 by 08:12 AM GMT. Meanwhile, the RNBZ sees positive moments in the depreciation of the Kiwi, as it believes that the weak local currency could support the economy
China's equity market headed towards the worst monthly performance in roughly two years, as investors lost confidence in the Chinese government to prop up the stock market. Meanwhile, rest of markets in Asia booked mixed performances. The Shanghai Composite Index lost 1.1% to 3,664 points, the Hang Seng edged 0.1% higher to 24,526 points, while the Nikkei 225 advanced 0.3%
Bullion prices dropped on Friday as traders expanded selling rally, holding gold prices below the psychological resistance level of $1,100. The yellow metal prices hovered slightly above $1.080 by 07:10 AM GMT. Meanwhile, relatively strong GDP data from the US kept the door opened for a rate hike in September. Therefore, analysts anticipate further downside in bullion, which could test
Oil futures declined on Friday on worries over strong global supply, despite the OPEC's attempts to salvage the situation. The New York-traded WTI futures slid 0.9% to $48.07 a barrel, while the London-traded Brent Crude fell 0.8% to $52.88 a barrel by 7:20 AM GMT. OPEC believes that due to growing demand,even if the supply remains unchanged, oil prices might not
European stocks closed with considerable gains today amid upbeat GDP and inflation data from Europe's biggest economy. German DAX 30 index jumped 0.40% to settle at 11,257.15 points. The Euro Stoxx 50 index added 0.023% to 3,582.79, the French CAC index inched 0.58% higher to 5,046.42, while the London FTSE 100 finished 0.57% higher at 6,668.87 points.
The Kiwi slid on Thursday amid the comment of Reserve Bank of New Zealand Governor Graeme Wheeler that the local currency should depreciate and amid the Fed's positive evaluation of the United States labour market. The New Zealand Dollar fell to $0.6639 from midday's $0.6662 and $0.6698 yesterday. The trade-weighted index slipped from 71.31 to 70.74 points.
The Sterling extended its gains against the Greenback and remained to stay among the best-performing major currencies today, despite the pressure from the FOMC statement and strengthening US Dollar. The Cable rose 0.25% to $1.5634 by 11.30 AM GMT on Thursday. Later in the day, the release of the US GDP data is awaited, which will influence the further performance
Crude prices jumped on Thursday, driven by the drop in the US oil stocks, offsetting pressure from the FOMC-boosted Greenback. The WTI futures rose 0.94% to $49.22 a barrel, while the Brent posted a 1.55% jump to trade at $54.21 a barrel by 11:06 AM GMT. The EIA report showed on Wednesday that the US inventories fell by 4.2 million
The US stocks were set to open in red, with stock futures declining on upcoming second-quarter GDP data. The DJIA futures dropped 0.2%, those for the Nasdaq 100 index slipped 0.1%, while the S&P 500 index futures dipped 0.2%. Meanwhile the GDP data due to the US today, could weight on the Federal Reserve decision on timing of the possible
Stocks around Europe opened higher as a lot of earning reports were published for a second day in a row, with Shell and Deutsche Bank among major gainers, while investors keep focusing on volatility in Chinese shares. The Stoxx 600 index edged 0.6% higher, both the French CAC and the British FTSE 100 rose by 0.6% at the open, while
The shared currency fell versus the US Dollar on Thursday, following the FOMC statement, with the Fed still considering to increase interest rate in September if the data comes in strong. The EUR/USD pair dipped to weekly lows around $1.0960. Meanwhile, data coming from Europe showed the number of unemployed in Germany rose by 9000 in July, while unemployment rate
Crude kept its downtrend on Thursday as the Greenback strengthened after the FOMC statement, which showed that the Fed remained on track for hiking rates in 2015. The WTI futures fell 0.2% to $48.69 a barrel, while Brent crude declined to $53.46 by 06:30 AM GMT. However, recent drop in the US oil inventories to five-month low over the last
The Japanese Yen fell slightly against the Greenback during the trading session in Asia, after FOMC gave no clear signals on the timeline of hiking interest rates. Moreover, the Bank of Japan's comments about concerns over Japan's economic strength sent the pair higher. The Dollar rose 0.15% to 124.1850 against the Japanese counterpart by 7:20 AM GMT and attempts to
The yellow metal slipped on Thursday, after FOMC statement pushed the US Dollar higher. The Dollar strengthened against its major counterparts, as investors speculate on the Fed's rate hike in September. The bullion futures declined 0.7% to 1,086 points by 7:00 AM GMT. Moreover, other dollar-denominated commodities followed the trend of gold and were lower early in the trading session.
Stocks markets across Asia showed mixed results, after the Fed stuck with the current interest rate levels. The Hang Seng was flat at 24,615 points, while the Nikkei 225 soared 20,523 points. Meanwhile, the Sensex rallied 1% to 27,845 points, however, the Singapore's FTSE Straits Times Index lost 0.8% to 3,257.37 points, while The Shanghai Composite fell 0.3% to 3,780
US pending home sales surprisingly declined in June, following five consecutive months of gains. While economists' forecast stood at plus 1%, pending home sales index based on June contracts slid 1.8% to 110.3, third highest level reported this year.
The pound jumped against the US Dollar after the BoE report showed that the number of mortgage approvals increased more than were anticipated in June. The Cable climbed to $1.5640 by 10:30 AM GMT, rebounding from 0.2% drop earlier. Meanwhile, the BoE's report, following yesterday's data on 0.7% growth in Britain's economy in second quarter, added to speculations on possible
The Canadian Dollar fell against its American counterpart, following another session of oversupply-driven decline in oil prices, while the Greenback strengthened ahead of the FOMC meeting. The Loonie dropped below $1.295 by 09.50 AM GMT, staying close to 2004 low. Considering the global glut in oil supply and possible rate hike in the US, the Canadian Dollar will continue to
US stock futures were marginally higher on Wednesday ahead of the Federal Open Market Committee's statement on economy and hints on rate hike timeline. The S&P 500 futures edged 0.1% higher to 2,090.25 points, the NASDAQ 100 Index rose 0.2% to 4,565 points, while the Dow Jones Industrial Average added 0.2% to 17,580 points by 9:25 AM GMT.
The Australian Dollar extended losses versus the Greenback on Wednesday as traders look ahead of Fed announcement. Moreover, commodities rout and high volatility in Chinese stocks dragged the Aussie lower, while stronger Kiwi also added to decline in its Australian counterpart. The AUD/USD pair slip 0.29% at $0.7314 by 08:10 AM GMT, after rebounding from $0.7300 lows.
The common currency declined against the Greenback after opening bell on Wednesday, as market participants anticipate Fed's statement later on. The Euro edged 0.01% lower to 1.1061 against the Dollar by 8:40 AM GMT but traded as much as 0.21% below today's opening price. Moreover, the shared currency added small gains against the Japanese and British counterparts.
European stocks rose on Wednesday amid large number of earning reports, while turmoil in Chinese equities still weights on the market. The Stoxx 600 was 0.5% higher at the open, both the French CAC and the Britain's FTSE 100 rose around 0.6%, while the German DAX increased 0.7%. Meanwhile, investors' attention is turned to Fed's meeting and to any clues
The New Zealand Dollar jumped against the Greenback after the comments of the RBNZ Governor Wheeler, who is satisfied by the performance of economy. Wheeler added that although the Kiwi weakness is required to maintain further growth of domestic economy, there is no necessity in massive OCR cut in the nearest future. Meanwhile, The NZD/USD pair edged 0.3% higher at
Oil futures continued to slide on Wednesday, as strengthening Greenback and softening demand for commodities were weighing on oil prices. The New York traded WTI fell 0.8% to $47.59 a barrel, while across the pond the Brent Crude futures traded 0.8% lower to $52.85 a barrel by 8:10 AM GMT. Moreover, later in the day, Crude inventory data will be