Do you also see what I see when you look at the EURUSD chart? According to my opinion the crosspairs loses the gains of last days again. A short study of the crosspair into the past led me to a value of about 1.1632. Impossible? I´m not so sure as the crosspair already touched this level several times in the last years.
Central America's leading coffee producer, Guatemala's production shortage in the 2009/10 cycle moved up prices for high-quality beans. According to Guatemala coffee growers association, Anacafe, country's production for the cycle at 3.375 million 60 kg bags, down slightly from previous estimates of between 3.4 million and 3.6 million bags.
Global oil prices advanced towards $70 a barrel in Asian trade Wednesday mainly after the API report showed dip in US petrol stockpiles. Light sweet crude for july delivery was seen trading at $69.66 a barrel at 12 noon Singapore time while Brent crude was at 69.97 a barrel in London.
Gold prices advanced in Asian trade Wednesday despite a firming dollar as geopolitical tensions in the Korean peninsula boosted its appeal. Gold for immediate delivery was seen trading at $1204.94 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1205.44 an ounce eat the same time on the COMEX division of the New York Mercantile Exchange.
Stock index futures pointed to a higher opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.51 percent, Dow Jones futures up 0.35 percent and Nasdaq 100 futures up 0.47 percent at 0807 GMT (4:08 a.m. ET).
A few months ago most analysts were skeptical about $1500 an ounce for gold by end of 2010, however, the recent rally in gold coupled with economic uncertainties have forced those who earlier disputed the bullish forecasts to jump on the bandwagon, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital and Managing Director of American Precious Metals Advisors
Federal Reserve Chairman Ben Bernanke stepped up calls to preserve Fed independence on Wednesday, saying central banks best deliver steady economic growth and low inflation when free from political meddling.
Federal Reserve Chairman Ben Bernanke said U.S. inflation expectations were stable despite price swings in the past few years and signaled the Fed saw no need to change its current price commitment.
Qatar Investment Authority, the country's sovereign wealth fund, is keen to buy part of the U.S. Treasury's stake in Citigroup Inc , the Financial Times reported in its Wednesday edition.
Shares of Australian brewer Foster's Group jumped as much as 8.7 percent on Wednesday after the company revealed plans demerge its beer and wine operations, leading investors to expect takeover approaches.
Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.
The outlook on the United States' coveted AAA credit rating remains stable, though the government's financial strength is weakening due to its support for the financial system, Moody's Investors Service said on Tuesday.
U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.
Revolution LLC, an investment company created by AOL co-founder Steve Case, is taking a stake in Internet wine seller Vinfolio in a bid to transform the privately held firm into the eBay of fine wines.
It was a volatile session overnight, with AUD trading to its lowest level since July 2009, before rebounding back towards USD0.8300.
Gold is one of the more mysterious assets in the financial markets. It's volatile at times to the point of inducing vertigo and fans of the precious metal assert, somewhat contradictorily, its prowess as a hedge against both inflation and deflation.
Three regional Federal Reserve banks last month wanted to raise the discount rate, which the Fed charges banks for emergency loans, according to minutes from Fed meetings released on Tuesday.
(Corrects to show Kansas City Fed, not Richmond, voted for discount rate hike in paragraph 2)
With energy, Senate Democrats find themselves between a rock and two hard places. Nonetheless, Sen. John Kerry, D-Mass., and Sen. Joe Lieberman, I-Conn., have introduced their climate and energy bill. Its timing is awful. Its fate is uncertain. Yet its sponsors felt it had to be done now.
Volatility continued yesterday with the Aussie opening at 0.8320, then hitting an intraday low of 0.8184 before bouncing back to 0.8300 – and this was just the first few hours.
Two key U.S. lawmakers clashed on Tuesday over cracking down on swaps trading as a clearer shape emerged for a House-Senate panel that must finalize a major rewrite of financial regulation.
U.S. consumer confidence rose in May to its highest level in more than two years as an improving jobs outlook defied for now the growing fears about European debt market turmoil and threats to global growth.
Germany inched toward a wider ban on naked short selling of stocks and Italy approved austerity measures on Tuesday to contain a euro zone debt crisis that could lead U.S. officials to urge stress tests for European banks.
Societe Generale Chief Executive Frederic Oudea defended his role at an annual shareholder meeting Tuesday evening and promised a rebound in 2010 as concerns persisted over the French bank's prospects.
Democrats in Congress are racing against the clock to renew unemployment benefits for hundreds of thousands of jobless Americans in legislation that also raises taxes on investment-fund managers and multinational companies.
Stocks staged a furious late-day rally on Tuesday to push the S&P 500 into positive territory as the focus shifted from European debt woes to buying after shares hit six-month lows.
Germany inched toward a wider ban on naked short selling of stocks and Italy approved austerity measures on Tuesday to contain a euro zone debt crisis that could lead U.S. officials to urge stress tests for European banks.
Stocks staged a furious late-day rally on Tuesday to push the S&P 500 into positive territory as the focus shifted from European debt woes to buying after shares hit six-month lows.
Shareholders of bankrupt Washington Mutual Inc asked a federal judge for permission to investigate JPMorgan Chase & Co for its role in the failure of Washington Mutual Bank, according to court documents filed on Tuesday.
