Euro heads for its six-week loss before Greece elections

Note: This section contains information in English only.
Source: Bloomberg
The Euro is set for its sixth weekly decline versus the Dollar before the Greek elections on January 25, where the power may be shifted from Antonis Samaras, the present Prime Minister, to his opponent. The common currency lost 0.3% to $1.1335 as of 7:02 London time, after reaching $1.1315, the lowest since 2003. Moreover, the Euro dropped 0.4% to 134.14 against the Yen.
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Fri, 23 Jan 2015 16:01:20 GMT

Gold cuts its weekly gain on US rates

The yellow metal cut its third weekly advance, while investors are evaluating the US interest rate outlook after the announcement of the ECB stimulus measures. Gold for immediate settlement fell 0.6% to $1,294.66 an ounce in Singapore, after reaching $1,307.62 yesterday, the strongest since August 15, and it has climbed 1.1% so far this week.

Fri, 23 Jan 2015 15:39:14 GMT

New King in Saudi Arabia will probably not change oil policy

Saudi Arabia's new ruler, King Salman, is unlikely to introduce changes to the current oil policy, thus maintaining production levels in order to retain the market share even if the prices decline. An important question is whether the new King decides to change the current oil minister, Ali al-Naimi, who has been a key person for almost 20 years.

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