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  • A closer look at the commodity currencies: What’s in store for the Loonie and Aussie?

    Commodity currencies have taken the plunge this year, as consecutive misfortunes have placed considerable strain on their trade value. Both the Canadian dollar and Australian dollar have been capped under bearish pressures for much of the calendar year, which has resulted in multi-year declines and revised growth forecasts. As we approach the month of July,

  • Stocks rally on strong US data
    Stock market » Stocks rally on strong US data
    Finances - June 26, 2013, 09:17 GMT

    US stock markets were able to start on a positive note on the back of statements from two different central banks that attempted to calm the volatility in the capital markets. Prior to the opening bell, US officials released housing and manufacturing data that helped lift stocks. Commodity prices were able to rebound as the

  • Brent Crude holds steady, WTI discount narrows

    The global benchmark was left relatively unchanged Tuesday afternoon, having stabilized from earlier shock waves triggered by China growth worries. Brent closed Tuesday’s New York session slightly higher at $100.81. Monday’s Asian session triggered volatility in the global crude market, which sent Brent below the $100/barrel mark, its lowest level in three weeks. Investors grew

  • Strong US data sends Dollar higher
    Forex » Strong US data sends Dollar higher
    Finances - June 26, 2013, 07:36 GMT

    The US Dollar continued making gains and US stocks rebounded from a 9 week low on the back of better than expected data coming from the world’s largest economy. The Commerce Department in the U.S. reported that new home sales increased by 2.1% to 476,000 units for May, the highest it has been since July

  • Outlook on Pound Sterling: Key releases ahead of Carney appointment

    As the month of June winds down, investors are zeroing in on UK fundamentals to determine the climate that new Bank of England Governor Mark Carney will inherit in July. The UK economy has suffered from recession and high inflation for the balance of the calendar year, causing widespread speculation over the future of British

  • Gold forecasts cut, US dollar continues to pressure commodities

    The commodity markets were spared last week after the Federal Open Market Committee officially declared its optimism toward the future of US recovery, a move that promises to taper Fed stimulus in 2013 and eliminate it in its entirety as early as next year. Gold prices responded immediately to the news, sinking to multiyear lows.

  • Stocks gyrate as interest rates shake markets

    Three factors continue to weigh on US equities as prices continue to retrace the rally of the first 5-months of 2013. The combination of fear over the potential unwind of low rates in the US has allowed the term tapering to enter into the vernacular of stock investors. Investors have seen a similar unwind of

  • Crude Oil: WTI heading toward weekly decline

    Friday’s North American session saw more of the same for West Texas Intermediate, which managed to rebound only slightly before ending the day in the red zone. WTI closed Friday’s session more than 1.4 percent lower than where it started, trading in at $93.79. On Thursday WTI experienced its biggest drop in seven months, as

  • USD/JPY: Battle of the Safe Havens
    Forex » USD/JPY: Battle of the Safe Havens
    Finances - June 22, 2013, 17:42 GMT

    Perhaps no other currency has faced more volatility in 2013 than the yen, which has been rocked by deepening stagnation, unprecedented stimulus and an unstable equities market. The yen managed to retrace its multi-year lows in the weeks leading up to this past Wednesday’s FOMC announcement, but ever since, the Japanese safe haven has been

  • Stocks edge higher after Thursday’s route

    The stock market in the US rebounded slightly at the opening bell after experiencing liquidation over the prior two trading sessions. Stocks are adjusting to the Federal Reserve’s statement sighting an upgrade to economic activity that could lead to a tapering of their quantitative easing program. Sentiment has turned negative, and dips are now being