Euro remains under pressure on global growth worries and probes again through pivotal Fibo support
The Euro remains under increased pressure for the third straight day, driven by risk aversion on renewed worries about slower global growth.
Downbeat China’s industrial production and retail sales data, PBOC rate cut and unexpected strong…
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Oil prices fall due to foggy expectations, but are preparing for weekly gains
Oil prices fell in Asian session on Friday amid an uncertain demand outlook, although benchmark contracts are headed for weekly gains as recession fears ease.
Brent crude futures are down 49 cents, a barrel, while US crude are down 50…
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The rise of the dollar and the decline of the sterling
The US dollar rose in early European trade on Friday, rebounding somewhat after a two-day sell-off as weaker-than-expected inflation data led to a rethink of the Federal Reserve's potential tightening path.
The dollar's weakness is…
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Gold Slips as Risk Appetite Improves, Copper Hits 5-Week High
Gold prices fell on Thursday as fears of a US recession eased by weak inflation data, but copper prices held to a five-week high as the dollar weakened.
As of 2113 ET (0113 GMT), spot gold fell 0.1% to $1,789.91, while gold futures were…
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Dollar struggles to offset inflation-related losses
The euro and Japanese yen held onto most of their overnight gains on Thursday, having been boosted by U.S. inflation data coming in less hot than feared and sending the dollar tumbling.
After gaining 0.84% on Wednesday, the common…
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Oil slips as U.S. crude stockpiles rise
Crude oil prices fell Wednesday after industry data showed U.S. crude inventories unexpectedly increased last week.
Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel at 0323 GMT.
U.S. West Texas…
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European stock futures fell. US CPI in the Spotlight
European stock markets are expected to open slightly lower on Wednesday ahead of key U.S. inflation data that could signal the Federal Reserve's future plans to tighten monetary policy.
At 02:00 AM ET (0600 GMT), the DAX…
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U.S. shares mixed at close of trade; Dow Jones Industrial gains 0.09%
U.S. stocks were mixed at the close of trading on Monday as gains in the oil & gas, materials and consumer staples sectors boosted stocks, while falls in telecoms, technology and financials sent stocks lower.
At the close in NYSE,…
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Dollar Edges Lower; Wait for U.S. CPI Release Limits Activity
The US dollar fell in early European trading on Tuesday, forming a holding pattern ahead of the release of the main US consumer price index.
At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the US dollar against a basket of six…
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Dollar Edges Lower, But Retains Strength Versus Yen After Payrolls
The U.S. dollar rose further against the Japanese yen in early European trading on Monday, but strong nonfarm payrolls data from the U.S. last week signalled further aggressive monetary tightening by the Federal Reserve.
At 3:05 AM ET…
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