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  • Oil Surges on Solid Inventory Report

    Oil prices received a boost on Wednesday on the heel of Tuesday API report which showed a larger than expected decline in crude oil stocks.  The move above $106 on a WTI basis comes despite weaker than expected trade numbers released in China during the Asian session.  Wednesday EIA energy report failed to damper enthusiasm.

  • Markets eye Wednesday’s FOMC meeting minutes, Bernanke speech

    Last month’s Federal Open Market Committee policy meetings signalled a turning point for the global markets. Following a series of upbeat economic reports from the US, speculation was high that the Fed would finally introduce plans to scale back its monthly asset purchase program. The June FOMC policy announcement effectively put an end to the

  • US, global stocks rise amid revised IMF forecast

    Tuesday marketed the fourth consecutive day of gains for US stocks, as earnings optimism uprooted hesitations emanating from the less-than-stellar NFIB Business report. Market sentiment improved on Tuesday following expectations of better-than-expected Q2 earnings in the private sector. Earnings reports have fuelled the stock exchange’s bull market in recent weeks. On Tuesday, this optimism extended

  • Momentum continues to accelerate, beware the Fed Minutes

    US Stocks started the session off on a positive note on the heels of a strong Nikkei and better than expected earnings from Alcoa (NYSE:AA) .  The metals giant reported slightly better than expected profits lifting the Dow Jones Industrial Average. Yields in the US edged lower allowing stocks some small leeway to edge higher. US

  • The Pound moves toward support levels
    Forex »

    The Pound moves toward support levels

    July 10, 2013, 09:44 GMT

    Sterling traded under pressure for most of Tuesday trading session as strong yields in the US and a negative surprise in UK industrial production forced the pound lower toward support levels.  A new theme of dovishness has washed through perceptions of how the MPC will handle rates with new governor Mark Carney taking over yields

  • Silver struggles with higher Dollar

    Silver prices are starting to consolidated but the damage has been done as the precious metal has moved through the 20 dollar per ounce level.  The strength in the US dollar has been a negative for silver as investors view precious metals as a currency which has been under pressure as the dollar has gained

  • US borrowing climbs as consumers take advantage of low interest rates

    The market was surprised to learn on Monday that US consumer credit rose by a staggering $19.6 billion, surpassing expectations of a mere $12.5 billion hike. Month-over-month, this represents an increase of 80 percent, a clear sign that demand for credit is on the rise. Monday’s Federal Reserve figures painted the picture of a more

  • The Dow Industrial moves higher ahead of earnings season

    Stocks in the US started off the week on a positive note, with futures prices pointing to a higher close on the heels of Friday’s better than expected payrolls data. Yields in the US continue to move higher, which reflects the strength in the US economy, and potential tapering of the FOMC’s bond purchase program. 

  • Yield differentials drive currency pairs
    Forex »

    Yield differentials drive currency pairs

    July 8, 2013, 20:49 GMT

    The yield differential has been the driving force behind the rally in the US dollar.  Better than expected economic data released in the US over the past week has been the driving force behind the 10-year yield in the US increasing by more than 110 basis points 2.70%.  The climb in US yields has not

  • Gold’s decline takes a respite
    Commodities »

    Gold’s decline takes a respite

    July 8, 2013, 20:22 GMT

    Gold prices paused from their recent decline hovering near the 10-day moving average.  Gold has fallen along with other major currencies as the greenback has gained strength as yields in the US moved higher.  5 and 10-year yields have broken out reaching the highest levels since 2011. The yield differential between US and gold forwards