Forex Pros — Last week saw gold prices slump to a one-week low on Friday, as a broadly stronger U.S. dollar and lower oil prices reduced the appeal of the precious metal. On the Comex division of the New York Mercantile...
Read MoreForex Pros — The week ending June 10 saw the U.S. dollar rebound from an all-time low against the Swiss franc after weak domestic inflation data reduced expectations for the Swiss National Bank to tighten policy. USD/CHF...
Read MoreForex Pros — Last week saw the U.S. dollar pull away from a month low against the yen after Japan’s finance minister Yoshihiko Noda said that he was closely watching the yen’s appreciation, triggering...
Read MoreForex Pros — Last week saw the euro fall to a six-day low against the U.S. dollar on Friday as concerns over Greece’;s sovereign debt crisis and diminished expectations for euro zone rate hikes weighed, while...
Read MoreForex Pros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 1.42%, the S&P 500 index shed 1.40%, while the Nasdaq 100 index declined 1.58%....
Read MoreForex Pros – Canadian employment change rose more-than-expected last month, official data showed on Friday. In a report, Statistics Canada said that Canadian employment change rose to a seasonally adjusted 22.3K, from 58.3K in...
Read MoreForex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Industrial Production. GBP/USD was trading at 1.6258, down 0.65% at time of writing. The pair was likely to find...
Read MoreForex Pros – The pound was almost unchanged against the U.S. dollar on Thursday, after the Bank of England held interest rates unchanged at the record low of 0.5%, in a widely expected decision. GBP/USD hit 1.6466 during...
Read MoreForex Pros – The Bank of England kept its benchmark interest rate unchanged for the 27th consecutive month in June, it announced on Thursday. The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely...
Read MoreForex Pros – The euro trimmed gains against the U.S. dollar on Thursday, easing back from the daily high as investors awaited a key press conference by the European Central Bank president after the bank’s rate setting...
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