User articles »

  • David Becker

    Petroleum prices edged higher on Friday, despite a stronger than expected US payroll report which ignited riskier assets. Stock prices soared on the open and yields climbed higher, but crude oil traders were not willing to bid up prices, despite Wednesday’s stronger than expected draw in crude oil inventories. The term structure of crude oil

  • Sergiy Zlyvko
    Currency » 5 December Forex daily review
    Sergiy Zlyvko - December 6, 2013, 10:34 GMT

    On Thursday, on international currency market Forex U.S. dollar closed lower against most currencies. Dollar managed to hold its ground against British pound as the pound came under pressure during the press conference of M. Draghi. In November, the ECB decided to cut interest rate by 0.25%. The market reacted to the decision falling by

  • David Becker
    Commodity » Gold Poised to Test Lower Levels
    David Becker - December 5, 2013, 13:42 GMT

    Gold prices continued its move lower on Thursday after experiencing a brief respite during the early portion of the week. Hedge fund traders continue to line up on the short side of futures and options positions according to the most recent industry report. With inflation expectations dwindling, there is little demand for gold, which could

  • Sergiy Zlyvko
    Currency » 4 December Forex daily review
    Sergiy Zlyvko - December 5, 2013, 10:04 GMT

    On Wednesday the trading in the currency market has been uneven. Service PMI index for the EU countries have been mixed. In Spain, Germany and the Eurozone business activity rose. In Italy and France – declined. Single currency has reacted calmly to the statistics and even slightly stronger against the U.S. dollar and the pound,

  • David Becker

    The stronger than expected ISM manufacturing numbers was the first in a series of better than expected data that helped push the 10-year yield above 2.8% which has been solid resistance for yields during the past three months. Although it is unlikely that bond prices will decline significantly prior to the Fed beginning the process

  • Sergiy Zlyvko
    Currency » 3 December Forex daily review
    Sergiy Zlyvko - December 4, 2013, 09:20 GMT

    Dollar rolled down in order to continue growing, so the bears again took the market under control. Economic calendar for Wednesday is dense. In Europe today the data on service PMI and Eurozone GDP for the 3rd quarter will be published. In the U.S. session important data from the U.S. will be published. Day should

  • David Becker
    Currency » Yen Weakens on Weak Japanese Data
    David Becker - December 3, 2013, 15:31 GMT

    The yen continued to weaken against most major currencies on Tuesday and tested resistance levels against the greenback. Monday’s stronger than expected ISM manufacturing data drove US 10-year yields back above the 2.80% level as investors started to speculate on whether the Fed would consider tapering given the stronger than expected economic data. Japanese data

  • Sergiy Zlyvko
    Currency » 2 December Forex daily review
    Sergiy Zlyvko - December 3, 2013, 06:39 GMT

    On Monday, the U.S. dollar closed up against the euro and pound. Fall of the single currency began after the publication of PMI production index. The euro/dollar fell to 1.3540. Single currency has been sold, despite strong manufacturing PMI in Eurozone, Germany, Italy and France, which were better than forecasts. Only PMI index in Spain

  • David Becker

    Sale over the Thanksgiving weekend actually declined this year, but analysts believe that online sales over the next week will move than make up for the decline, allowing brink and mortar companies to continue to generate solid returns into the year end. Thanksgiving weekend retail sales slipped this year according to industry reports. Consumers spent

  • David Becker
    Currency » Next week Forex forecast
    David Becker - November 30, 2013, 14:34 GMT

    The coming week will be the first working week of the month and therefore it is traditionally rich in the important macroeconomic statistics and events that could have a significant impact on the prospects for the dollar and set the mood for the participants of the currency market on the whole December. On Monday, December