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Dollar slips after Trump’s protectionist speech

On Monday, after US President Donald Trump hit a protectionist tone in his inauguration speech, the Dollar slipped largely counterbalancing optimism that he will follow through on his promises of tax cuts and other stimulus. US Stock Futures dipped as well

Dollar Drops on Yellen Comments

The Dollar got weaker against major peers after Janet Yellen’s speech saying that it was prudent for the Federal Reserve to gradually adjust policy over time. Meanwhile, Gold climbed for a second day. Gold headed for a fourth straight weekly advance

Deutsche Bank signs $7.2 billion deal with US over risky mortgages

Deutsche Bank AG signed a final settlement with the US Justice Department over its sales of toxic mortgages in the run-up to the 2008 crisis, resolving one of its biggest litigation risks. The Justice Department said on Tuesday that the bank

Sterling slips on Brexit anxiety

On Monday, Sterling slipped to three-month lows in Asia markets having finished around $1.2175 in New York on Friday. It was last down 1.1% at $1.2044; while investors were again alarmed by concerns over Brexit. Regional share markets were uncertain with

Euro zone economy registering surprisingly strong growth

On Thursday, data showed that Industries across the Euro zone turned up production in November and Germany ended the year with its strongest growth in 5 years, which indicates an economic shot that may be arriving earlier than expected this year.

Gold hits highest in over one month

On Tuesday, Gold rose to its highest in over one month maintained by a weaker US Dollar and fears that Britain will not have a clean break with the EU strengthened safe haven buying. Gold advanced by 0.3% to $1,184.00 an

Australia forecasts dramatic drop in iron ore prices through 2018

Australia is forecasting an important drop in the price of iron ore — its most valuable export commodity — over the next two upcoming years to below actual market prices. According to the Department of Industry, Innovation and Science forecasts, iron
A shop cash register is seen with both Sterling and Euro currency in the till at the border town of Pettigo

Sterling capitalizes on Dollar retreat after data lift

On Thursday, the Sterling rose against the Dollar with more upbeat data underlining UK economy’s post-Brexit resilience which helped the Pound make the most of a retreating greenback. The turnaround was completed as unspectacular weekly US jobs figures weakened the Dollar

European Stocks progressed on the first trading day of 2017

On Monday, the Euro Stoxx 50 Index grew 0.6% with the UK and Swiss markets closed for holidays. In Germany, the region’s biggest economy, the DAX Index increased 1% in its best day since mid-December. Italy’s FTSE MIB also jumped 1.7%

Shares in Toshiba fell more than 19% in morning trade on Thursday

According to Reuters, Shares in Toshiba fell more than 19% in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar write-down. Ratings agencies were

Japan consumer prices slump in November, While Crude Extends Rally

Japan’s Topix index swung between gains and losses after a three-day decline, as data showed core consumer prices, a leading indicator of nationwide price trends, dropped for a 9th straight month in November, suggesting that the economy still lacks enough momentum

Oil prices fall on US inventory build

Oil prices edged lower on Wednesday as the Energy Information Administration released a report explaining that US Stocks has risen unexpectedly by 2.3 million barrels last week. Furthermore, Libya’s National Oil Corporation (NOC) who’s already doubled output production to 600,000 barrels/day

Japanese Yen Eases As BoJ Keeps Policy Steady

Japanese Yen fell down against the US dollar in Asian sessions on Tuesday after the Bank of Japan (BoJ) decided to keep monetary policy steady, while US stocks were mixed after Federal Reserve Chair Janet Yellen’s positive comments. BoJ kept its

Stocks react as China seizes an underwater US drone in international waters in the South China Sea

Last Friday got lively as China seized unmanned US vessel sending oil higher, bonds yields and the Dollar lower and rattling equities. Reuters reported in late morning that a Chinese Navy warship seized an underwater drone deployed by an American oceanographic

US Dollar gains after Fed raises rates, and signals faster rate hike pace

The US Dollar strengthened by 1% and hit a 14-year high against major Currencies, mainly Euro, after the Federal Reserve decided on Wednesday December 14, to raise its benchmark Interest Rate, and upped its expectation for the number of rate hikes

Vienna Meeting : OPEC’s Historic Deal Discussion

OPEC announced a production cut for the first time since eight years. This announcement Pushed prices up by 8 percent in the international markets. Brent price rose by 8.4 percent to $ 51.3 a barrel, while US crude rose by 8.2

Yellen boosted trader’s confidence with expected rate hike in December.

US Federal President Janet Yellen confirmed that raising interest rates would probably be appropriate “soon” as long as the economy make progress. She added: “In the last Monetary policy meeting in November, monetary policy-makers decided that the conditions to increase interest

Apple’s Competitors pushed its Profits down

Apple announced its earnings and sales decline for the third consecutive quarter. The Giant Company in the field of technology has sold 45.51 million units of the iPhone devices in the three months through September, which was higher than the average
weekly report

Weekly Market Update

The Monetary Policy Committee Meeting of the Federal Reserve showed that many of the bank’s policy makers believe that raising interest rates would be justified “relatively soon” if the US economy continues to improve. US stocks varied at the end of

OPEC: Waiting for November meeting

Petroleum Exporting Countries reached an agreement in Algeria for reducing oil production to a level between 32.5 and 33 million barrels a day. Qatari Energy Minister Mohammed Bin Saleh & Nigerian Minister of State for Petroleum Emmanuel Ebi Katcheko confirmed to

Fed cut interest rate expectations

European stocks fell in the early trading on Friday from their highest level in two weeks after the Federal Reserve’s decision (US central bank) to postpone raising interest rates. STOXX index 600 fell 0.4% after reaching its highest level on the
bou teen

Putin: Freezing oil production is the right decision.

Oil prices fell by more than three percent on Thursday, heading toward its biggest weekly loss since January, with investors ignoring the conversations that might freeze OPEC production. Investors focused on government data issued on Wednesday showing an increase of 2.3

Weekly Market Updates

The Federal Reserve Board Meeting of the monetary policy committee for the month of July showed that some policy-makers who have the right to vote believe that there is a need to raise interest rates in the United States soon. The

Gold hikes as England cut rates

Gold started steady in Asian trading on Friday as investors await the job data in the United States. The price of gold rose 0.12 percent to $ 1362.45 per ounce. US Gold contracts increased 0.15 percent to $ 1369.40 per ounce.
Draghi espera que la zona euro crezca modestamente en el segundo semestre

Draghi encouraged investors & kept rates unchanged

European Central Bank President Mario Draghi considered that it is too early to assess the repercussions of the British vote in favor of their country’s exit from the European Union on the fragile economic recovery in the euro zone. Officials kept
US oil

Drop in US Oil Inventories

Oil prices rose, supported by a new drop in US crude stocks and a weak dollar, despite the oversupply of refined products and concerns about economic growth. Crude oil prices were influenced by the American Petroleum Institute, which showed a decline