UK Economy Sinks Deeper Into Recession On Weak Construction
The UK economy fell into a double-dip recession at a faster than estimated pace during the first quarter due to a sharp revision to construction. Gross domestic product shrank 0.3 percent from a quarter ago, slightly bigger than the ...
Central Banks Still Significant Buyers On Gold Dip
By Mark O`byrne Gold's London AM fix this morning was USD 1558.50, EUR 1239.27, and GBP 993.62 per ounce. Yesterday's AM fix this morning was USD 1555.00, EUR 1229.44, and GBP 989.56 per ounce. Silver is trading at $28.12/oz, 22.46/oz and 18.01/oz.
USD/CHF Slowing Its Bull Run at the 2012 High
The USD/CHF has been rallying sharply and is now back to where it was at the beginning of the year when the market made a 2012 high at 0.9593. In January the market fell from this area first to 0.9410, then all the way down to the 2012 low of 0.8
Euro Can’t Maintain Gains in Forex Trading
Worries about the eurozone, and what’s next for the currency region, are causing doubt, and uncertainty means that Forex traders are looking for safety — and safety can’t be found in the euro right now.
Weekly Review and OpenBook Roundup
Over the past week, investors’ attention was once again divided between two key events; of one there were great expectations, and of the other, very little (though a surprise would have been quite welcome). In the end, there was disappointment al
ForexLive: EURUSD Consolidates But Sellers Stay In Control
The buyers have not proven they can take back any control in the market on this move to the downside. Yesterday in NY afternoon trading, the price tumbled below the 2012 low at 1.2623 and did not look back. Today, the price reached the lowest le
What Does the Future Hold for the US Dollar?
Are you interested in what may happen with US dollar in the nearest future?My vision and infographics on US national debt.
UK BBA Mortgage Approvals Rise More Than Expected In April
Gross mortgage lending was GBP 7.6 billion in April, down from GBP 8.2 billion in March. Net consumer credit lending shrunk by GBP 0.2 billion, while it grew by GBP 0.1 billion in the previous month. Personal deposits grew by GBP 2.2 billion, ...
European Banks' Dollar Funding Costs Decline in Money Markets
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 47 basis points below the euro interbank offered rate at 9 am in London from minus 49.5 yesterday, according to data compiled by Bloomberg ...
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NCDEX Pepper Tips, MCX Mentha Oil Tips For Today 24 May
In NCDEX pepper June is trading at Rs 38875 per quintal, down by 0.12 per cent the previous close. According to Vietnam Ministry of Agriculture and Rural Development (MARD) export of Black pepper in 2012 are forecasted to fall by 30 per cent to
European Factors to Watch - Shares expected to rebound on Thursday
MIASJ0000 -0.47 % -2.18 EX-JP US> EUR/USD 1.2575 -0.1 % -0.0012 USD/JPY 79.50 0.05 % 0.0400 10-YR US TSY 1.743 -- 0.01 YLD 10-YR BUND 1.412 -- 0.03 YLD SPOT GOLD $1555. -0.36 % -$5.67 1 US CRUDE $90.29 0.43 % 0.39.


