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  • NordFX NordFX

    Last Friday world financial markets posted mixed results. In Europe as such, the British FTSE 100 fell 0.58 percent to 6,855.02 points, the German DAX grew 0.21 percent up to 11,868.33 points, and the French CAC 40 advanced 0.55 percent up to 5,034.06 points. In Russia, the MICEX index fell 0.65 percent to 1,571.55 points,

  • NordFX NordFX
    Analysis and Opinion » Oil in the Red Again
    NordFX - December 1, 2014, 14:28 GMT

    Last Friday the world’s financial markets closed mixed. In Europe, the British FTSE 100 shed 0.01 down to 6,722.62 points, the German DAX 30 grew 0.06 percent up to 9,980.85 points, and the French CAC 40 added 0.18 percent closing at 4,390.18 points. On the Russian market, the MICEX index gained 0.13 percent up to

  • H.S. Borji

    The Canadian dollar continued to plunge Friday, as falling oil prices continued to weigh on the commodity-sensitive currency despite stronger than forecast growth data. The loonie, as the Canadian currency is known, bottomed out at 0.8818 US in intraday trade. It would subsequently consolidate at 0.8750 US, declining 0.77 percent. Canada’s currency is down 1.8

  • NordFX NordFX

    On Thursday, world financial markets posted mixed trading results mainly because the importance of OPEC’s decisions varies from country to country. For instance, Europe paid closer attention to the fact that Germany’s jobless rate went down to 6.6% (the forecast was 6.7%). Therefore, European stock indices made gains for the most part – France’s CAC

  • NordFX NordFX

    Yesterday world financial markets closed mixed awaiting the results of the OPEC countries’ meeting. On Europe’s floors, the British FTSE 100 shed 0.03 percent finishing at 6,729.17 points, and the French CAC 49 fell 0.20 percent down to 4,373.42 points. The German DAX 30, on the contrary, grew 0.55 percent ending up at 9,915.56 points.

  • NordFX NordFX
    Analysis and Opinion » Oil Prices Keep Going Down
    NordFX - November 14, 2014, 13:04 GMT

    Yesterday European and US financial markets closed on the rise whereas Russia’s equity market finished the day with a slump. In Europe, stock indices posted the following results – the British FTSE 100 grew 0.37 percent up to 6,635.45 points, the French CAC 40 gained 0.19 percent up to 4,187.95 points, and the German DAX

  • David Becker

    EURUSD is trading at fresh eight-month lows, hitting 1.3410. Target support is the November lows of 1.3296 which could be hit as yields in Europe continue to tumble. Resistance on the currency pair is seen near the 10-day moving average at 1.3475. The yield differential between Germany and the US continues to favor the greenback

  • David Becker

    Crude oil prices edged higher on Thursday after recapturing $100 per barrel on Wednesday following a stronger than expected inventory report released by the Department of Energy on Wednesday. While crude oil stocks moved lower, the big catalyst was the strong increase in demand reported for distillates which include diesel, and heating oil. According to

  • David Becker

    Heating oil prices moved higher on Thursday as traders were insightful enough to predict snow in many parts of the US in mid-April. This comes despite a larger than expected build in crude supplies released by both the Energy Information Administration and the American Petroleum Institute. The American Petroleum Institute late Tuesday reported a jump

  • Commodities » Unrest in Egypt boosts oil prices
    July 4, 2013, 05:11 GMT

    Oil prices received a boost on Tuesday and continued to rise Wednesday as fear over unrest in Egypt helped WTI spike above 100 dollar per barrel.  The rally came despite an expected drop in demand for gasoline as reflected by the American Petroleum Institute’s report on inventory released on Tuesday evening. WTI has been increasing