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Forex news

Brent crude traded below 50 USD a barrel after ending the longest gains since 2012

09:29 am 2017-07-05

Brent crude traded below $ 50 a barrel after ending the longest gains since 2012 as Russia was said to oppose any proposal to deepen OPEC-led output cuts. Futures were little changed in London after losing 7 cents on Tuesday, up 11 percent over eight sessions. Government officials said Russia wanted to continue the current deal and any additional restrictions on supply would send the wrong message to the market. US crude inventories may resume declines last week, according to a Bloomberg survey ahead of the Energy Information Administration report on Thursday. At 10:05 GMT, the…More

Brief Market News

08:53 am 2017-07-05

The Dow Jones Industrial Average rose 0.61% to 21,479.27, and the Nasdaq fell 0.49% to 6,110.06 points. The Standard & Poor's 500 Index gained 0.23% to 2,429.01 points In European markets, the Stoxx Europe 600 shed 0.19% to 381.58 points, the British FTSE 100 was down 0.01% to 7,357.67 points, Germany's DAX fell 0.17% to 12,418.61 points, (CAC) rose 0.23% to 5,162.31 points.   On the other hand, gold futures for August delivery rose 0.48% to $ 1,225.10 an ounce, In the oil markets futures contracts fell for delivery in August 2017,…More

Dollar Drops

02:32 pm 2017-07-04

In the currency markets, the euro fell against the dollar by 0.17% and stabilized at 1.1345, the dollar fell against the Japanese yen by 0.15% and settled at 113.2100, the pound fell against the dollar by 0.07% and settled at 1.2931,More

European Producer Price Index shrink in May

10:57 am 2017-07-04

The Eurozone economies released today May reading for Producer Price Index (PPI), Which showed a shrink by 0.4% versus steady at zero level in the prevuois month of April, While expectations were at a shrink of 0.2%. At 11:20 GMT Euro fells aginast US-Dollar by 0.15% to 1.1349 compared to the opening levels at 1.1364, after reaching it lowest level at 1.1336 and set its high at 1.1377.More

UK Construction PMI widen eased

10:58 am 2017-07-04

The British economy released today the June Construction Purchasing Managers' Index (PMI) reading, Which came at 54.8 versus 56.0 in May, Below expectaion at 55.0. At 10:20 GMT The Great British Pound fells aginast US-Dollar by 0.15% to 1.2928 compared to the opening levels at 1.2940, after reaching it lowest level at 1.2915 and set its high at 1.2957.More

Rising Of Dollar

02:29 pm 2017-07-03

In the currency markets, the euro fell against the dollar by 0.57% and stabilized at 1.1361, the dollar rose against the Japanese yen by 0.60% and settled at 113.0600, the pound fell against the dollar by 0.52% and settled at 1.2957,More

Euro Unemployment rate steady at 9.3 in May

01:32 pm 2017-07-03

The Euro-zone economies released today the data of unemployment rate for the month of May. Which came at 9.3%, unchanged from April's last reading, In line with expectations. However, The Italian unemployment rate for the same month rose to 11.3% versus 11.2% In April, While, expectations were at 11.1%.More

Britain manufacturing PMI falls, GBP widen losses

01:16 pm 2017-07-03

The British economy released today the Manufacturing PMI Indicator for June, which showed a falls to 54.3 versus 56.3 in May. However, Market expectations were to expand to 56.4. At 12:56 pm GMT, The GBP/USD pair slip’s to 1.2949 by 0.58% from opening levels at 1.3005, after reaching a lowest level during the session at 1.2944 and a its highest level was at 1.3024. Eyes of investors are looking forward right now to the chairman of the Financial Stability Board & BOE governor Mark Carney speech In advance of the G20 Leaders’ Summit…More

Euro zone manufacturing PMI widen in June, EUR /USD Slip’s

12:34 pm 2017-07-03

The Euro zone economies released today the final reading of manufacturing PMI indicator for the month of June, Which clears that the indicator widen to 57.4 from the previous preliminary reading and expectations at 57.3 versus 57.0 in May. At 11:56 am GMT, the Euro fell against the US-Dollar by 0.48% to 1.1371 compared with the opening levels at 1.1418, after reaching a lowest level during the Euro-session at 1.1371 and its highest level at 1.1427. Moreover, The final reading of the this index for the largest European economy…More

Stocks Commodities Currencies .

10:32 am 2017-07-03

The US market is closed on oscillations, The Dow Jones Industrial Average rose 0.29% to 21,349.63 points; the S & P 500 rose 0.15% to 2,423.41 points, while the Nasdaq Composite Index shed 0.06% to 1: 6,140.42 points. In European markets, the STOXX Europe 600 shed 0.34% to 379.37 points, the British FTSE 100 fell 0.51% to 7,312.72 points, the German DAX fell 0.73% to 12,325.12. France's CAC fell 0.65% to 5,120.68 points.   On the other hand, gold futures for August delivery fell 0.37% to $ 1,237.70 an ounce, More

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