Forex Trading

Bernanke press conference

2013-06-20T06:12:00.000+01:00

Bernanke press conference: Stimulus reduction in 2013, to end in mid 2014 Fed Chairman Ben S. Bernanke said at the regular press conference that follows the end of the two-day meeting for the Fed’s monetary policy makers, that the Fed sees a moderate pace of growth in the U.S. economy, while unemployment levels are still elevated.

The Federal Reserve maintains monetary stance

2013-06-20T06:03:00.000+01:00

The Federal Reserve maintains monetary stance, interest rate rise after 2014, diminished downside risks The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMC`s statements had not seen any

FOMC Minutes: members suggest tapering bond purchases could come sooner than expected

2013-05-23T05:53:00.000+01:00

The U.S. Federal Reserve published the minutes from its latest policy meeting at April 30 – May 1, which showed unanimity on the need to maintain the current pace of purchases until more economic progress in shown, however a “number” of members called for an exit as early as June. FOMC Minutes Many of the members favored beginning a tapering

Light sweet crude oil future falls after stockpiles data, Bernanke`s testimony

2013-05-23T05:48:00.003+01:00

Crude-oil futures slipped Wednesday after government data showed rising gasoline stockpiles and a smaller-than-anticipated decline in oil stocks. Light sweet crude oil future for July delivery dropped to $94.66 per barrel, from an opening of $95.93, having earlier hit a high of $96.17 and a low of $94.36 per barrel. As of 12:52 New York Time

Chairman Ben S. Bernanke said - Bernanke warns on tempering stimulus as labor market is still weak

2013-05-23T05:40:00.002+01:00

Federal Reserve Chairman Ben S. Bernanke said that a premature exit for the Fed’s stimulus risks endangering or slowing down recovery, as the current monetary stance is providing significant benefits to the economy, with the job market yet to fully recover. Bernanke speaks before the Joint Economic Committee of the Congress in Washington today in

video of Egyptian soldiers kidnapped in Sinai

2013-05-20T02:13:00.000+01:00

The first video of Egyptian soldiers kidnapped in Sinai --> --> The first video of Egyptian soldiers kidnapped in Sinai 7 Egyptian soldiers, policemen kidnapped by militants in North Sinai Egypt gunmen kidnap police, soldiers in Sinai | Alternet Sinai kidnapping: Egyptian soldiers and police seized Egyptian soldiers kidnapped Continue reading the main

2013-05-20T02:06:00.002+01:00

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Dow Jones NASDAQ S&P 500 , Dollar Index finished the week in green

2013-05-17T21:57:00.000+01:00

U.S. stocks climbed higher on Friday’s opening till the local stock market closed the week in green, buoyed by a positively over-the-roof increase in consumer sentiment which rose to pre-crisis levels, and an above forecast rise in leading indicators, sending the U.S. dollar to a three-year high, and putting stocks on route for a fourth week in gains. Dow Jones NASDAQ S&P 500 ,

CAC DAX , FTSE rally after U.S. consumer confidence beat estimates

2013-05-17T20:24:00.000+01:00

European stocks closed on positive territories Friday, ending the fourth consecutive weekly gain, taking cue from U.S. data which showed U.S. consumer confidence surged above analysts’ estimates. In the U.S., the Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 83.7 in May from 76.4 in April, a report today

Dow Jones,NASDAQ opens higher on sentiment, leading indicators data

2013-05-17T20:16:00.001+01:00

U.S. stocks climbed higher on Friday’s opening, buoyed by a positively over-the-roof increase in consumer sentiment which rose to pre-crisis levels, and an above forecast rise in leading indicators, sending the U.S. dollar to a three-year high, and putting stocks on route for a fourth week in gains. Dow Jones,NASDAQ The Dow Jones Industrial

Michigan consumer sentiment soars to highest since 2007

2013-05-17T20:13:00.004+01:00

, dollar finds 3-year high The University of Michigan said its consumer sentiment index surged to 83.7 in its preliminary reading for May, the highest since July 2007, highly above estimates at 77.9, from 76.4 in April. The Dollar Index, which tracks the performance of the U.S. dollar against a basket of other major currencies, soared to 84.50 after the release of the report

U.S. May Philadelphia Fed. Factory Index at -5.2 Versus 1.3

2013-05-16T15:14:00.003+01:00

Philly Fed manufacturing shows unexpected weakened activity  --> <!-- google_ad_client = "ca-pub-3412980609169718"; /* مربع 1 */ google_ad_slot = "1022279987"; google_ad_width = 250; google_ad_height = 250; // U.S.

Jobless claims soar, housing starts, and inflation falls to signal continued Fed stimulus

2013-05-16T14:02:00.003+01:00

Filings for unemployment benefits in the U.S. rose more than expected in the last week, and starts for new homes in the U.S. fell worse than projections, while inflation fell for a second consecutive month, the first time since late 2008. Filings for unemployment benefits in the U.S. rose more than expected in the last week, and starts for

U.S. Initial Jobless Claims

2013-05-16T13:50:00.000+01:00

U.S. Initial Jobless Claims Rose 32,000 Last Week to 360,000. Consumer Prices in U.S. Dropped More Than Forecast in April  <!-- google_ad_client = "ca-pub-3412980609169718"; /* مربع 1 */ google_ad_slot = "1022279987"; google_ad_width = 250;

Crude is consolidating in New York

2013-05-14T17:57:00.002+01:00

The black gold narrow traded throughout the US session after that David Tepper; co-founder and owner of Appaloosa Management, told CNBC the U.S economy is improving while that it is forecasted that U.S. crude stockpiles climbed from an 82-year high and that supplies probably rose 400,000 barrels last week. Furthermore today the International

Gold falls back as Dollar gains strength over Euro

2013-05-14T17:55:00.000+01:00

Gold steadied around its opening levels Tuesday afternoon, trimming earlier gains, as the dollar gained footing against the Euro after lackluster European data. Spot gold traded at $1431.80 per ounce, after opening at $1429.40, having earlier risen 1% to a session high at $1445.19 per ounce. As of 11:34 New York Time The precious

Wall Street holds ground and opens higher

2013-05-14T17:52:00.001+01:00

U.S. stocks opened slightly higher on Tuesday, with the S&P 500 managing to open above its closing record high even with the modest gains. The S&P 500 rose 032% to 1638.85 points. The Dow Jones Industrial Average rose 0.25% to 15129.77 points. The NASDAQ composite index rose 0.39% to 3452.29. As of 09:54 New York Time Stocks have been

Euro surrenders earlier gains ahead of GDP data

2013-05-14T17:49:00.000+01:00

The single currency surrendered its earlier gains after lower-than-expected German investor confidence data, ahead of a GDP report tomorrow which is expected to show the euro area remained in recession. The euro is on its way to resume drop versus the U.S. dollar after taking a slight breather yesterday following a German report showing

Android crushes rivals seizing 74% of the smartphone market

2013-05-14T17:46:00.004+01:00

During the first quarter of this year, three of every four smartphones sold were running on Android operating system. The phone industry expert firm Gartner says the first quarter was entirely dominated by Google`s platform. This comes as a slap to companies making smartphone with other operating systems like the BlackBerry and

Import prices decreased in April on retreating fuel prices

2013-05-14T17:30:00.002+01:00

The U.S. Department of Commerce said import prices decreased in April, citing reduced fuel costs. The cost of goods imported by 2.6 percent in the year-ended April, from a prior drop by a revised 2.2 percent in March, while analysts called for a drop by 3.1 percent. On a monthly basis, the import price index decreased by 0.5% in April,

Venezuela sends army to streets to combat crime

2013-05-14T17:28:00.001+01:00

Venezuelan President Nicolas Maduro, who was elected in 2012 after Hugo Chavez’s death, launched operation “Safe Homeland” where 3,000 soldiers will patrol alongside police and other security forces the streets of the capital Caracas and other cities to curb crime. The massive security plan comes as the government has been long criticized by

Euro rises vs dollar after ZEW data, ministers meeting in focus

2013-05-14T17:25:00.000+01:00

A pause in the U.S. dollar`s recent rally aided commodities like gold and oil on Tuesday trading, while the euro managed to rise after data signaled a possible pickup in growth, ahead of an important EU finance ministers meeting later in the day. The ZEW Center for European Economic Research in Mannheim said German investor confidence

German investor confidence increases less than forecast yet euro rises

2013-05-14T17:23:00.000+01:00

German investor confidence rose less than median expectations in May ahead of a key EU finance ministers meeting later on Tuesday that will include talks about the formation of European banking union. Zew survey economic sentiment rose to 36.4 from 36.3 in April, coming below forecast of 40, while the current situation gauge

Gold drops the most in 5 weeks as ETF`s plummet

2013-05-13T18:54:00.002+01:00

Gold prices dropped on Monday, setting the longest drop since April 4, as holdings in gold-back exchange traded funds slumped to the lowest since July 2011. Spot Gold dropped around 1 percent to $1433.32 per ounce, after it earlier hit a low of $1425.80. Gold futures dropped to $1432.10 per ounce, from an opening at $1447.80. As of 11:40 New

Dollar remains strong within the US session after retail sales

2013-05-13T18:52:00.001+01:00

The green Benjamin remains in the spotlight within the US session as today’s cheerful retal sales data boosted the appeal of the U.S currency, having the U.S. retail sales climbing unexpectedly in April, on across- the-board gains, which indicates that consumers still have enough spending confidence. Dollar