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IFX Gertrude
post Aug 25 2017, 05:04 AM
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Wall Street Ends Marginally Lower in Volatile Trading Session



U.S. stock markets ended slightly lower following a session of swinging between gains and losses as investors diverted their attention on a symposium of central bankers in Jackson Hole, Wyoming.

The markets received a brief increase of energy in afternoon trade following House Speaker Paul Ryan's statement, in which he voiced his confidence in pushing through with a tax-revamp package this 2017 and lifting the debt ceiling.

The Nasdaq Composite Index edged down 7.08 points, or 0.1%, at 6,271.33. The S&P 500 fell 5.07 points, or 0.2%, to end at 2,438.97, with 10 out of the 11 primary S&P 500 sectors closing lower. Consumer staples finished lower by 1.3% and industrials were down 0.4%

Meanwhile, the Dow Jones Industrial Average settled 28.69 points, or 0.1% lower, at 21,783.40. Amazon's announcement that it would lower prices of Whole Foods' products after the merger sent down the shares of other players in the grocery sector, with shares of Wal-Mart Stores Inc. posting the biggest decline.

The switching between small gains and losses in stocks comes amid a seasonally low-volume period, making trading susceptible to swings. Stocks saw their lightest volume day of the year on Wednesday, with only 5 billion shares traded. This is significantly below the year-to-date median of 6.54 billion.

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IFX Gertrude
post Aug 29 2017, 03:44 AM
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BRAZIL: Ibovespa Falls As Traders Turn Cautious Ahead Of Data



Ibovespa, the benchmark stock market index in Brazil, closed slightly down (-0.08%), at 71,017.19 points Monday, with traders turning cautious before the release of data regarding job creation in the United States and Brazil's Gross Domestic Product (GDP).

Also, a possible new criminal complaint against the Brazilian President Michel Temer kept some investors out of the game.

According to H.Commcor's chief operating officer, Ari Santos, the market players expect that any potential complaint against Temer will come out in the next few days before the attorney general Rodrigo Janot leaves office.

"Today's decline is not a profit-taking move consistent with recent highs, but marks the cautiousness of a complicated start to a week that promises many important indicators, such as the GDP of the United States and Brazil," said Pedro Galdi, an analyst at Magliano Consultora.

In the business sector, bank stocks fell, while Vale's shares rose despite the slowdown in the price of iron ore abroad. Bradesco's preferred shares lost 1.53%, Ita? Unibanco's shares fell 0.87%, and Banco do Brasil's common shares dropped 0.93%. Vale's preferred shares rose 1.56%.

Meanwhile, the locally traded U.S. dollar rose 0.25%, closing at R$ 3.1640, with investors waiting for relevant economic data. Possible news on the local political front has also collaborated to keep the currency around R$ 3.16.

For Tuesday, Santos says, the market trend depends on the possibility of a new complaint against Temer. Galdi sees chances for a slight rise, inflated by the vote favorable to the final text of the Long-Term Rate (TLP) institution in the Senate.

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IFX Gertrude
post Aug 29 2017, 04:50 AM
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Wall Street Flat as Tropical Storm Crippled Texas



Shares of oil refinery firms climbed on Monday after Tropical Storm Harvey forced refineries in Houston to shut down.

The Dow Jones industrial average dropped 0.02 percent to 21,808.40, as insurance giant Travelers contributed the most to the losses. The S&P 500 fluctuated between gains and losses before ending 0.05 percent higher at 2,444.24, as health care led six sectors up. The Nasdaq composite jumped 0.28 percent to 6,283.02.

Harvey, a hurricane that was downgraded to a tropical storm, ravaged Houston and other parts of Texas over the weekend, with over 30 inches of rain falling in some parts in just 48 hours. Houston is home to several major refineries in the U.S.

Oil majors Exxon and Chevron fell 0.3 percent and 0.4 percent respectively. Valero Energy, Phillips 66 and Marathon Petroleum all finished higher.

The S&P 500 financial sector was the biggest weight on the index, with a 0.5 percent decline.

Home Depot, which climbed 1.2 percent, and other companies likely to benefit from rebuilding efforts in the region.

Insurer Travelers weighed the most on the Dow with a 2.6 percent decline to $123.23, as Allstate dropped 1.5 percent to $90.6 while investors priced in the likely impact of Harvey on the sector.

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IFX Gertrude
post Aug 30 2017, 02:24 AM
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MEXICO: Country Will Seek 'Plan B' If Trump Pulls U.S. Out Of NAFTA



Threats by U.S. President Donald Trump to withdraw the United States from the North American Free Trade Agreement (NAFTA) during renegotiations are encouraging Mexico to create a "Plan B," said the Mexican Secretary of Economy, Ildefonso Guajardo Villarreal.

According to him, Mexico needs to be prepared to the possibility of the United States walking away from the NAFTA deal.

"The best thing Mexico can do is to have an alternate, clear, pragmatic, plan to tackle something that is not our goal, but that may be the result of a process that does not go ahead. We need to be prepared for a scenario in which the United States or its president leaves the NAFTA," Villarreal said in an interview with the El Economista newspaper.

According to him, Mexico must advance in its commercial diversification with South American countries, such as Brazil and Argentina, with the European Union, the Pacific Alliance, and other Asian countries.

Trump said there was little chance that the NAFTA renegotiation, currently underway between Mexico, Canada, and the U.S., would be successful. The president attributed the potential failure of the negotiations to Mexico, claiming that its Southern neighbor would be hampering a new agreement.

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IFX Gertrude
post Aug 30 2017, 02:50 AM
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Wall Street Recovers as Investors Brush off North Korea Tensions



U.S. stocks recovered on Tuesday following North Korea's launch of a ballistic missile over Japan which jolted global markets.

The missile was the first Pyongyang has fired over Japan's main island since 2009 and the latest in a series of direct provocations that have briefly added pressure on financial markets in recent weeks.

The Dow Jones industrial average pared earlier losses to close 0.26 percent higher to 21,865.37, as United Technologies and Boeing contributed the most gains. The 30-stock index dropped as much as 134.82 points earlier in the session.

The S&P 500 was in positive territory in afternoon trade, finishing the session 0.1 percent higher at 2,446.30, with industrials leading four sectors higher. The Nasdaq composite also trimmed losses to end 0.3 percent higher at 6,301.89 after Apple notched a record peak.

United Technologies rose 2.9 percent to $118.70 after The Wall Street Journal reported that the aircraft-equipment maker was near a deal to buy Rockwell Collins for over $20 billion.

Tech firms within the S&P 500 added 0.4 percent, led by Micron Technology, which climbed 1.3 percent, while Akamai Technologies advanced 1.3 percent.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, briefly increased over 20 percent before holding nearly 4 percent higher.

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IFX Gertrude
post Aug 31 2017, 02:23 AM
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Japan Industrial Production Slides 0.8% In July



Industrial output in Japan fell a seasonally adjusted 0.8 percent on month in July, the Ministry of Economy, Trade and Industry said on Thursday.

That missed forecasts for a decline of 0.3 percent following the 2.2 percent spike in June.

On a yearly basis, industrial production climbed 4.7 percent - again missing forecasts for 5.2 percent and down from 5.5 percent in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production saying was that it shows signs of picking up.

Industries that were down in July included business oriented machinery, electrical machinery and chemicals - while electronic parts, ceramics and petroleum products were up.

Shipments were down 0.7 percent on month and up 4.1 percent on year.

Industries that were down included business oriented machinery, electrical machinery and iron and steel - while electronic parts, petroleum products and transport equipment were up.

Inventories were down 1.2 percent on month and 2.4 percent on year.

Industries that saw decreased production included transport equipment, petroleum products and electrical machinery.

Industries that were up included non-ferrous metals, chemicals and electronic parts.

According to the survey of production forecast, industrial output is expected to rise 6.0 percent in August and fall 3.1 percent in September.

Industries that are expected to contribute to the increase in August include business oriented machinery, transport equipment and electrical machinery.

Industries expected to contribute to the decline in September include business oriented machinery, communications equipment and electronic parts.

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IFX Gertrude
post Aug 31 2017, 03:07 AM
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Wall Street Advanced as S&P 500 Hits 4-Day Winning Streak



U.S. stocks climbed on Wednesday following stronger-than-expected U.S. economic growth which counterbalanced concerns on heightened tensions between the United States and North Korea as well as uncertainty in the wake of Hurricane Harvey.

The Dow Jones industrial average rose 0.12 percent to 21,892.43, as Goldman Sachs contributed the most gains to the index.

The S&P 500 rose 0.46 percent to end at 2,457.59, with information technology leading eight sectors higher. The S&P also marked a four-day winning streak, its longest since late May.

The tech-heavy Nasdaq composite advanced 1.05 percent to 6,368.31, leading other major U.S. indexes, and touched a three-day winning streak.

Netflix lifted the Nasdaq higher as it climbed over three percent after Bernstein analysts said that Disney pulling its content from the platform will not impede the stock performance of Netflix.

Apple also contributed to the Nasdaq's gains, gaining 0.2 percent to notch a record peak earlier in the session.

Other major stocks in the tech sector also advanced, including Facebook and Google-parent Alphabet. The sector is by far the best-performing sector in 2017, gaining over 20 percent.

Among shares in corporate news, Tax preparation service provider H&R Block dropped 8.3 percent to $26.81 after it posted a larger-than-expected loss. Chipmaker Analog Devices rose 5.2 percent at $83.72 after its quarterly earnings and forecast surpassed expectations.

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IFX Gertrude
post Sep 4 2017, 03:44 AM
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S&P Maintains Sweden's Sovereign Ratings



Standard & Poor's maintained the sovereign ratings of Sweden at 'AAA' with 'stable' outlook and upgraded Lithuania's rating outlook to positive.

The agency said Sweden benefits from high institutional effectiveness, substantial fiscal buffers, and ample monetary policy flexibility.

The stable outlook reflects the assessment that over the next two years, Sweden's key fiscal, external, economic, and monetary metrics will remain among the strongest of the 131 sovereigns rated by S&P. Despite political fragmentation, S&P expects the Swedish government to maintain fiscal discipline and to pay down public debt. The transparent institutional setting and robust economic fundamentals cushion uncertainties from prospects of snap elections or re-formation of government, the agency said.

According to S&P, Sweden's booming economy is set to motor on at a strong pace through 2017-2018, while high household debt continues to loom as a key risk.

As growth in house prices has exceeded that of disposable income and inflation, a house price correction could lead to a marked reduction in consumption, hampering the Sweden's economic performance and burdening the financial sector, S&P said.

In a separate communique, S&P said the outlook on Lithuania's rating was revised to positive from stable on expectations that Lithuania's economy will post strong balanced growth over the medium term.

The 'A-' ratings on Lithuania reflect the country's economic prospects over the next two years, although it has one of the lowest GDP per capita ratios in the Eurozone.

S&P expects Lithuania's open economy to perform well, fueled by firming exports, rising consumption and strong investment activity, supported by new EU financing cycle.

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IFX Gertrude
post Sep 4 2017, 05:04 AM
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Stock Futures Drop on North Korea Tensions



U.S. equity index futures fell at the open on Sunday, with stock traders being cautious after news that North Korea had raised diplomatic tensions by conducting what it claimed was a test of a hydrogen bomb for a long-range missile.

On Sunday, Pyongyang conducted its sixth and most powerful nuclear test, in what appears to be a tense escalation of North Korea's stand-off with the United States and its allies.

S&P 500 e-mini futures dropped 0.36 percent as electronic trading resumed on Sunday evening. The decline revealed that traders are cautious but not completely threatened by news on North Korea. Volumes were higher than average, as 30,2000 contracts changed hands.

The 10-year Treasury futures were 0.16 percent higher on the day.

“Traders have been burned by overreacting to the news out of North Korea multiple times over the last month – most recently after missiles were shot over Japanese territory,” according to Nicholas Young, a partner at Conventus Capital LLC in New York. “Unless we get a real response from the U.S., the market seems desensitized to these items.”

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IFX Gertrude
post Sep 5 2017, 03:11 AM
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Australia Current Account Deficit Balloons To A$9.562 Billion



Australia had a current account deficit of A$9.562 billion in the second quarter of 2017, the Australian Bureau of Statistics said on Tuesday.

That missed forecasts for a shortfall of A$7.5 billion following the downwardly revised A$4.754 billion deficit in the first quarter (originally -A$3.1 billion).

Net exports of GDP came in at 0.3, topping expectations for a flat reading following the 0.7 decline in the three months prior.

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IFX Gertrude
post Sep 5 2017, 05:08 AM
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European Shares Drop on Jitters over North Korea Nuclear Test



News of North Korea's recent nuclear test pulled down European shares but failed to cause a huge selloff as investors appear to be used to geopolitical tensions.

The pan-European STOXX 600 index and euro zone blue chips were both down 0.5 percent and all major bourses, from the UK's FTSE to France's CAC 40 posted losses from 0.3 to 0.8 percent.

Uncertainty over the response to the recent North Korean test unnerved investors, leading to a jump in stock market volatility. Europe's volatility index rose 1.5 points.

No sector in Europe closed in positive territory, stocks in the financial services industry had the worst day, slipping one percent.

Advances in safe-haven assets, including gold, sent miners Randgold and Fresnillo higher by two and 2.9 percent respectively, while Polymetal acquired support from a JPMorgan upgrade to “neutral” from “underweight”.

Technology stocks were one of the worst performers, closing 0.9 percent lower as a sector overall. Shares of Gemalto plunged to the bottom off the benchmark as Deutsche Bank, Kepler Cheuvreux, and Invest Securities trimmed their target price for the Dutch digital security company. Its shares closed ten percent lower.

Pharma heavyweight Novartis dropped one percent as the group said its chief executive, Joseph Jimenez, would retire in 2018, and chief drug developer Vasant Narasimhan, 41, would run the company from February.

UK specialty chemicals company Victrex rose 8.6 percent, notching a record peak after reducing its full-year tax guidance and saying Jakob Sigurdsson was joining the company as CEO-designate. Its shares were the highest advancers on the STOXX.

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IFX Gertrude
post Sep 6 2017, 02:35 AM
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Singapore PMI Climbs To 53.2 In August - Nikkei



Singapore's private sector continued to expand in August, and at a faster rate, the latest survey from Nikkei revealed on Wednesday with a PMI score of 53.2.

That's up from 51.3 in July, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were faster rises in both output and total new orders, although lower employment persisted.

Firms cut prices despite rising cost inflation.

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IFX Gertrude
post Sep 6 2017, 03:18 AM
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European Shares Close Lower, Pressured by Financials and N. Korea Tensions



European shares edged lower on Tuesday, pulled down by declines in the heavyweight financial sector as jitters on North Korea remained and caution increased ahead of the European Central Bank policy meeting later this week.

The pan-European STOXX 600 slipped 0.1 percent while euro zone blue chips fell 0.3 percent. In major bourses, Germany's DAX rose 0.18 percent, the U.K.'s FTSE 100 dropped 0.52 percent while France's CAC fell 0.34 percent.

Banks reported the largest sector loss, with several Spanish and Italian lenders near the bottom of the sector's benchmark. Euro zone banks were an outstanding decliner, falling 1.6 percent to their lowest level in nearly 10 weeks, with the sector back in focus ahead of the ECB meeting.

Shares in Banco Santander, BNP Paribas, UniCredit and Deutsche Bank all down between 1.7 and 1.9 percent. This comes despite an upgrade from UBS strategists of European lenders to overweight from neutral. They claim that the recent firming in the euro have made them more cautious on U.S.-exposed stocks but more upbeat on domestically exposed firms.

Energy stocks were among the top-gaining sectors, higher by 0.56 percent with oil prices rebounding.

Health stocks also gained, led by Germany's Merck KGAA, climbing 2.4 percent, which announced it was weighing on selling its consumer health business.

French telecom company Orange and U.K. consumer goods firm Reckitt Benckiser finished near the bottom of the STOXX 600, lower by two percent and 2.7 percent respectively.

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IFX Gertrude
post Sep 7 2017, 02:35 AM
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COLOMBIA: Colcap Rises 0.15%, Boosted Again By Bancolombia Performance



Colcap, the main index of the Colombian Stock Exchange, rose 0.15% Wednesday, closing at 1,507.42 points, driven by oil prices abroad and Bancolombia's shares.

Felipe Espitia, an analyst at Alianza Valores, said Bancolombia's shares rallied after yesterday's profit-taking to resume the bullish trend they had been showing since the end of last week, boosted by the rebalancing in the FTSE index, in which it will take part from September 15.

Meanwhile, Colombian President Juan Manuel Santos said today that the recent increase in shares traded on the local stock exchange was a result of greater confidence in the country and support of investors for the good performance and prospects of the economy.

The shares of Avianca (+2.76%), Preferencial Bancolombia (+1.55%), Bancolombia (+1.24%), Cemex (+1.22%), Canacol (+1.11%), and Ecopetrol (+0.36%) rose, while ETB (-2.17%), Sura (-1.32%), and Cemargos (-0.94%).

The locally traded U.S. dollar closed at 2,913.70 Colombian pesos, marking a 0.69% fall, due to a rebound in oil prices abroad.

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IFX Gertrude
post Sep 7 2017, 03:20 AM
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Wall Street Advanced as Trump Signals Support for Debt Limit



U.S. stocks climbed after two top Democratic leaders said President Donald Trump will support a debt ceiling extension and government funding plan. Energy shares were also higher as stocks rebounded from a day-earlier selloff.

The Dow Jones industrial average gained 0.25 percent to 21,807.64, as Home Depot and Chevron contributed the most gains. The S&P 500 rose 0.31 percent to 2,465.54, with energy and consumer discretionary among the best performers. The Nasdaq composite climbed 0.28 percent to 6,393.31, with some large-cap stocks, such as Netflix and Facebook, regaining ground.

The energy sector climbed 1.6 percent, for its largest single-day gain in two months, as oil prices increased. Oil majors Exxon Mobil and Chevron both gained two percent which buoyed the S&P 500 and the Dow.

Financials were up 0.2 percent following their biggest one-day decline since mid May. Nine of 11 major sectors closed in the green.

Vacation and timeshare stocks also dropped as investors focused on Category 5 Hurricane Irma. Shares of Hilton Grand Vacations fell 1.44 percent and Marriott also dropped nearly one percent.

United Continental Holdings and Newell Brands were among the worst performers in the S&P 500.

Airline company United trimmed its unit revenue and pre-tax margin guidance for this quarter, citing Hurricane Harvey. Newell Brands wrote in a statement that “nearly all” of its resin suppliers in Louisiana and Texas are shut down due to Hurricane Harvey.

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IFX Gertrude
post Sep 8 2017, 03:41 AM
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Japan GDP Bumped Down To 0.6% In Q2



Japan's gross domestic product was knocked down to 0.6 percent on quarter in the second quarter of 2017, the Cabinet Office said in Friday's revised reading.

That missed forecasts for 0.7 percent and was down from the August 13 preliminary reading that suggested a gain of 1.0 percent. GDP was up 0.4 percent on quarter in the previous three months.

On a yearly basis, GDP was knocked down to 2.5 percent, again missing expectations for 2.9 percent and down sharply from the preliminary reading of 4.0 percent. GDP had advanced 1.5 percent in Q1.

Nominal GDP was revised down to 0.7 percent on quarter, missing forecasts for 0.9 percent and down from 1.1 percent in the preliminary reading. It fell 0.3 percent in the three months prior.

The GDP deflator was down 0.4 percent on year, unrevised and as expected. It was down 0.8 percent in the first quarter.

Private consumption was revised down to 0.8 percent, shy of forecasts for 0.9 percent, which would have been unchanged. It added 0.4 percent in the previous three months.

Business spending gained 0.5 percent on quarter, matching forecasts but down from 2.4 percent in the preliminary reading. It was up 2.4 percent in the first quarter.

The Japanese economy has now expanded in six straight quarters, the first such streak in more than three years.

Also on Friday: The Bank of Japan said that overall bank lending in Japan was up 3.2 percent on year in August, coming in at 515.802 trillion yen.

That was shy of expectations for 3.3 percent, which would have been unchanged from the July reading.

Excluding trusts, bank lending was also down 3.2 percent to 448.603 trillion yen. That missed forecasts for 3.4 percent, which would have been unchanged from the previous month.

Lending from trusts was up an annual 2.8 percent to 67.199 trillion yen - up from 2.7 percent a month earlier. .

The Ministry of Finance said that Japan had a current account surplus of 2,320.0 billion yen in July, up 19.6 percent on year.

The headline figure topped expectations for a surplus of 2,030.1 billion yen and was up from the 934.6 billion yen surplus in June.

The trade surplus came in at 566.6 billion yen, exceeding expectations for 518.0 billion yen and up from 518.5 billion yen in the previous month.

Imports were up 17.7 percent on year to 5,834.5 billion yen, while exports climbed an annual 15.2 percent to 6,401.2 billion yen.

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IFX Gertrude
post Sep 8 2017, 05:12 AM
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Euro Strengthens Ahead of ECB Decision; Riksbank in Focus



The euro moved higher versus a group of currencies ahead of the European Central Bank meeting where policymakers might deliver a cautious tone regarding the currency's strength.

Few expect the ECB to announce a trim of its monthly asset purchases at the policy meeting, which is a significant reversal from recent months when several people expected such a move.

The euro rose 0.1 percent versus the dollar at $0.1928 in early trading.

The common currency has gained over 13 percent so far in 2017 and is also the world's top performer in major currencies.

Markets will also pay attention to the policy decision from the central bank of Sweden where policymakers are seen to keep interest rates unchanged.

The Swedish crown is the only major currency that has acquired gains versus the resurgent euro in 2017. Market watchers anticipate for the crown to extend gains given that the central bank signals a hawkish bias.

The krona climbed 0.1 percent versus the euro. The Swedish currency has marked three months in a row of gains until end of August, according to data from Thomson Reuters.

Against a broad trade-weighted basket of peers, the U.S. dollar fell 0.2 percent at 92.14.

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IFX Yvonne
post Sep 11 2017, 06:20 AM
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Brexit Squeeze Set to Hit Worker Earnings



Reports from the Office for National Statistics are expected to show pay that continues to weigh on price growth in Britain. Last week, employees at the Bank of England reached an agreement while employees of a few McDonald's restaurants went on strike demanding higher pay.

According to a survey from Bloomberg, soft consumer spending growth is one of the main factors as to why the central bank will likely keep its benchmark rate at a record-low of 0.25 percent on Sep. 14. Although, the pound's weakening since the Brexit vote has been pulling up import costs, two policymakers are also seen to push for a rate hike in order to keep prices in check.

Survey data revealed that consumer-price inflation accelerated to 2.8 percent last month, which surpasses wages that are expected to have increased slightly over two percent in July, in a report to be released on Wednesday.

Quicker inflation is particularly distressing for public sector workers, laboring under a one percent cap on salary raises imposed as part of austerity measures since 2010. Nurses are among the lower paid with an average income of 23,500 pounds ($31,000) per year, according to the Royal College of Nursing.

Demands to end the public-sector pay cap is expected to be a key subject matter when the Trades Union Congress meets this week.

The BoE is facing a trade-off between supporting economic expansion with record-low interest rates and heading off inflation incited with higher borrowing costs.



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IFX Gertrude
post Sep 12 2017, 02:39 AM
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PERU: Mining Investment Rises 1.5%, Interrupting Three Years Of Decline



Peru's mining sector investments between January and July 2017 reached US$ 2.372 billion, a 1.5% growth compared to the same period of the previous year.

It was also the first increase since May 2014, according to the Peruvian Ministry of Energy and Mines.

Almost all mining investment items posted increases in the period: exploration (+25.2%), mining equipment (+25.1%), preparation (+23.6%), infrastructure (+22%), equipment (+12%) and investments in operation (+10.5%).

Mining exploration investments totaled US$ 237 million.

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IFX Gertrude
post Sep 12 2017, 03:59 AM
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Gold Prices Edged Down as Risk Appetite Increases



Gold extended losses from the session earlier on Tuesday, as equities firmed while the dollar gained ground. Investor appetite for risk showed signs of growing.

Spot gold slipped 0.1 percent to $1,325.56 per ounce. In the session earlier, it dropped 1.4 percent in its largest one-day percentage loss since early July.

U.S. gold futures for December delivery fell 0.4 percent at $1,330.00 per ounce.

The dollar held on to large gains on Tuesday after a sharp rebound versus the yen and euro. Gold is sensitive to moves in the dollar. A stronger dollar makes gold more expensive for holders of foreign currency.

“Market players who were bracing for North Korea to conduct another missile launch over the weekend to mark their foundation day, were relieved when Pyongyang decided to host a celebration instead,” according to Lukman Otunuga, research analyst at FXTM. “This reprieve has rekindled appetite for riskier assets, and supported the greenback, while punishing safe havens such as gold.”

U.S. inflation expectations fell in August, with the year-ahead measure reaching its weakest level since early 2016, according to a Federal Reserve Bank of New York survey that contributes to the low price measures.

SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, said its holding increased by 0.14 percent to 835.68 tonnes on Monday from 834.50 tonnes on Friday.

Elsewhere on the Comex, silver futures lost 28 cents or about 1.58% to $17.84 per troy ounce.

News are provided byInstaForex.



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