Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Today is a very crucial day forglobal financial market, as the whole globe is waiting for the Greece election result. As of now, with 37.4 percent of the vote counted, official results showed the conservative New Democracy with 30.5 percent of the vote, ahead of the radical anti-bailout Syria party’s 26 percent and the pro-bailout Socialist […]
Greece – Gas and Oil Survive Read More »
During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower USD also supports higher oil prices and the USD has been falling for the
Crude Oil after the OPEC meetings Read More »
Crude oil fell on Wednesday ahead of an OPEC policy meeting expected to leave the group’s production target unchanged, while weak economic data added to the bearish sentiment. Japan’s parliament is set to pass a special bill on Friday to allow it to provide insurance for continuing Iranian crude imports, making it the first country
OPEC Ministers Look at Production and Price of Crude Oil Read More »
During early Asian session, oil prices are seen hovering near $83/bbl with fall of more than 0.40 percent from yesterday’s closing. Ahead of OPEC meeting today oil prices have come under pressure with the question of rising, cutting or keeping the production quota by OPEC members. As per the OPEC monthly report, the world market
Energy in the Morning Read More »
The Spanish bank bail-out agreement reached over the weekend didn’t really ease fears over the ongoing euro crisis less than a week from all-important Greek elections. On the contrary, the relief rally was over when the market started trading in Europe. No more details became available via comments of policymakers. Global core bonds gradually erased
Investors Fears and Worries Remain Read More »
Crude oil futures prices are trading above $86/bbl in electronic platform with gain of more than 2 percent. Oil prices have gained on speculation of higher oil demand from European countries as Spain have requested for bailout to shore up its banks. Spain finance minister have told that it will seek $125 billion. The impact
Crude Oil and Natural Gas Expectations Read More »
Currently oil futures prices are hovering below $83.50/bbl with loss of more than 1 percent in electronic trading. Most of the Asian stocks have headed for a downside trend in lieu of Bernanke statement given on yesterday. A plunge in global financial market was witnessed after hope of further monetary stimulus became vein as Fed
Oil and Natural Gas continue to decline Read More »
As the week culminates, commodities and shares fell on growing fears over Chinese and the Euro Zone economy and as hopes of another round of quantitative easing faded. In his testimony yesterday, the US Fed Chairman Bernanke said that the central bank is ready to act to revive the economy but provided little cues on
The World View as European Markets Close for the 1st Week of June Read More »
Chinese equities gained the most in a week after the government signaled it will delay tightening bank capital rules and investors speculated monetary policy would be eased to prevent Europe’s debt crisis from harming the economy. Further China’s biggest auto-dealer association, asked Car producers to scale back their sales targets or sweeten incentives as the
Central Banks and Crude Oil Read More »
Yesterday morning, the USD/JPY cross rate came under moderate pressure as the decline of EUR/USD and EUR/JPY weighed on the headline pair. USD/JPY reached an intraday low at 78.11 early Europe and settled slightly above that level during the morning session in Europe. In the afternoon trade, the yen ‘enjoyed’ quite a substantial setback on
A peak at the Sterling and the Yen Read More »
