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  • David Becker
    Business » Weekly Recap
    David Becker - February 7, 2014, 14:45 GMT

    A softer than expected ISM Manufacturing report was the first data point of the month and its relative weakness generated a downward cascade for equity prices. The end of the week saw a turn in price action as better than expected economic data help buoy both equity bourses and riskier currencies. Oil prices remained buoyed

  • Sergiy Zlyvko
    Currency » 6 February Forex daily review
    Sergiy Zlyvko - February 7, 2014, 13:14 GMT

    On Thursday, according to the results of meetings held, the ECB and the Bank of England kept interest rates unchanged at 0.25% and 0.50% respectively. Decisions of central banks were in line with market expectations, so market participants’ attention immediately shifted to the press conference of Mario Draghi. The EURUSD fell to 1.3490 before the

  • James Boston

    In a kick to touch European Central Bank chief Mario Draghi cited lack of information as a reason for the ECB not adjusting its benchmark interest rate at yesterday’s meeting. The rate was left on hold at 0.25% and markets liked it. The Euro rose almost a figure and a half to over 1.36 during

  • David Becker

    Pipeline company’s held steady during the recent market selloff as lower yields benefited these toll takers. The top of the heap is Kinder Morgan Energy (NYSE:KMP) which operates as a pipeline transportation and energy storage company in North America. Its Products Pipelines segment delivers gasoline, diesel fuel, jet fuel, and natural gas liquids to various

  • Sergiy Zlyvko
    Currency » 5 February Forex daily review
    Sergiy Zlyvko - February 6, 2014, 10:01 GMT

    Yesterday the foreign exchange market after the release of mixed U.S. data basic pairs remained in a correctional phase, which began three days ago. During the European session the British pound was under pressure because of growth instead of business activity index in the services sector in the UK, which fell to 58.3, missing the

  • James Boston

    Finally some welcome respite for Asian stocks as markets close higher for the first time in 5 days. The single exception being Japan’s Nikkei which posted another slight loss to finish down 0.2%. Macroeconomic factors, including relative calm in emerging markets, have contributed to the broad Asian market bounce while domestic corporate earnings are weighing

  • David Becker

    The petroleum markets continue to remain robust despite weaker than expected data which continues to show that many developed countries are growing at a clip that is slower than expected. Cold weather throughout the United States continues to buoy prices of heating oils, which have seen inventories declined to the bottom end of the 5-year

  • Sergiy Zlyvko
    Currency » 4 February Forex daily review
    Sergiy Zlyvko - February 5, 2014, 07:35 GMT

    On Tuesday due to the strengthening of the Australian dollar and the British pound against the U.S. dollar, the market moved in a sideways session trend. On the eve of important events now it no longer has to rely on strong and prolonged price fluctuations until Thursday. The EURUSD during the day consolidated at 1.3515

  • James Boston

    Almost US$3 trillion has been wiped off global equity markets so far this year as Central and Reserve Banks around the world gradually phase out monetary easing programs. It is not the scale of the stock market sell off that is causing concern, higher interest rates generally lead to lower stock markets, what is causing

  • David Becker

    The recent economic data released in the US shows a slowdown that can create an issue for the new Federal Reserve Chairwoman Janet Yellen. Yellen was sworn in on Monday, and inherits an economy that is slowly improving. The issue for the new Chair is that the timing of its tapering of its bond purchase