Global stocks slip, dollar steady amid Ukraine, Gaza tension

(Reuters) – The U.S. dollar held steady against major currencies on Monday as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine. Demand for traditional safe-haven yen and Swiss francs persisted but it was not strong enough to push their values out of their recent trading ranges against the dollar…

Pro-Russian rebels covering links to Buk missile battery used to shoot down MH17

Russian separatist groups in eastern Ukraine are hastily covering up all links to the Buk missile battery suspected to have been used to shoot down the Malaysia Airlines passenger plane, according to western-based defence and intelligence specialists…

Fundamental Analysis Review And Forex Calendar July 14 ~ 18, 2014

Weekly Fundamental Analysis Review Market was in a consolidation and correction mode as most global indices lost ground during the week, and to make matters worse, Portuguese bank BES drove market to contagion fear as the bank delayed a debt payment.  Euro was somewhat affected but with the authorities quick at work, the situation was […]

ISIS takes control of former chemical weapons plant in NW Baghdad

The Islamic State extremist group (Isis) has taken control of a vast former chemical weapons facility north-west of Baghdad, where 2,500 degraded chemical rockets filled decades ago with deadly nerve agent sarin or their remnants were stored along with other chemical warfare agents…

Merkel says allegations of U.S. spying a clear contradiction of trust

Angela Merkel on Monday reacted angrily to reports that the US had recruited a German double agent, as her justice minister said Berlin may launch criminal proceedings over the allegations. The German chancellor expressed her indignation as she stood next to to China’s premier in Beijing…

U.S. manufacturing PMI unexpectedly falls to 53.2 in May: ISM

(Reuters) – The pace of growth in the U.S. manufacturing sector unexpectedly slowed in May, an industry report released on Monday showed. The Institute for Supply Management (ISM) said its index of national factory activity fell to 53.2 last month from 54.9 in April…

U.S. March new-home sales plunge in blow to housing recovery

Sales of new single-family homes dropped sharply last month as severe winter weather and higher mortgage rates continued to slow the housing recovery. New home sales fell 14.5% to a seasonally adjusted annual rate of 384,000, down from February’s revised pace of 449,000, the Census Bureau said…

Sharp drop in gas prices keeps inflation low in March

A sharp fall in the price of petrol helped to keep US consumer inflation well below the Federal Reserve’s 2% target in March. The Consumer Price Index rose 0.2% last month, up from 0.1% in February, according to the Labor Department. Petrol prices fell 1.7% in March…

UK will be best performing world economy in 2014 with 2.9% GDP: IMF

Britain will be the best performing of the world’s major economies this year with growth of 2.9%, according to the International Monetary Fund, as consumer spending rebounds, inflation remains low and unemployment continues to fall steadily…

Top 10 Weekly Forex Market Headlines – 04.04.2014

1. Euro zone inflation falls to 0.5% in March, lowest since November 2009 March 31, Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc. Annual consumer inflation in […]

Stock markets unsettled by latest message from U.S. Fed

Investors around the world are having trouble digesting the latest message from the Federal Reserve – that an era of extraordinarily easy money may start to wind down as early as this fall. The Dow Jones Industrial Average was down about 290 points (nearly 2 percent) in mid-day trading Thursday…

When Will The Fed Hike Interest Rate?

According to Chief Economist Jans Hatzius at Goldman Sachs, Feds will hike interest rate in 2016, especially after today’s Nonfarm Payroll which showed strength in the US labor market despite of a severe winter.  Here are the highlights for NFP on March 7, 2014: (US) FEB CHANGE IN NONFARM PAYROLLS: +175K V +149KE Two-month Net […]

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