Forex Pros – Last week saw gold prices advance for a fourth consecutive week, as mounting concerns over the U.S. economic outlook and a broadly weaker U.S. dollar boosted the appeal of the precious metal.On the Comex division of...
Read MoreForex Pros – The U.S. dollar slumped to a one-month low against the euro last week, as weak U.S. employment data added to concerns that the U.S. recovery is faltering, while the shared currency was boosted by hopes that Greece...
Read MoreForex Pros – Asian stocks were down after the closing bell on Friday. At the close of Asian trade, Japan’s Nikkei 225 index fell 0.66%, Australia’s S&P/ASX 200 index shed 0.43%, while Hong Kong’s Hang Seng...
Read MoreForex Pros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from the daily high as investors awaited the release of U.S. employment data. GBP/USD eased off 1.6417, the daily high, to hit 1.6370 during...
Read MoreForex Pros – The euro extended gains against the U.S. dollar on Thursday, rising to a one-month high after European Central Bank President Jean-Claude Trichet said Europe should consider strengthening central control of economic...
Read MoreForex Pros – Wheat futures were up for the first time in three days on Thursday, rebounding from a two-week low as a combination of ongoing concerns over U.S. crop conditions and a broadly weaker U.S. dollar boosted prices. On...
Read MoreForex Pros – The U.S. dollar eased off a record low against the Swiss franc on Thursday, but gains were limited after string of disappointing U.S. data sparked speculation that the Federal Reserve may continue monetary easing....
Read MoreForex Pros – The euro held gains against the pound on Thursday, trading close to a two-week high despite data showing that activity in the U.K. construction sector picked up faster than expected in May, helped by a strong rise...
Read MoreForex Pros – European stock markets were sharply lower on Thursday, as shares in the financial sector led losses following a fresh downgrade of Greek sovereign debt, while U.S. futures indexes pointed to a lower open on Wall...
Read MoreForex Pros – Britain’s construction sector activity increased more-than-expected in May, industry data showed on Thursday. In a report, market research firm Markit and the Chartered Institute of Purchasing and Supply said...
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