EUR/USD higher on soft U.S. housing data
In trading on Friday, EUR/USD was up 0.32% at 1.3398, up from a session low of 1.3334 and off from a high of 1.3410. The pair was likely to find support at 1.3298, Thursday’s low, […]
Italy’s economy
Italy’s economy shrinks 0.2% in second quarter after a 0.6% contraction in first three months – economists had forecast a GDP fall of 0.4 to 0.5%
US trade gap at narrowest since 2009
Oil imports decline and US businesses ship more goods overseas, pointing to stronger than initially expected growth in the April to June quarter
Ice Swap Trade
Ice Swap Trade will trade credit derivatives linked to North American and European companies and countries
Crédit Agricole
Crédit Agricole capital markets and investment banking unit posts a 23% rise in revenues during the second quarter
Crude Oil Higher
Hedge funds increased bullish bets on WTI to the highest level since May 2011, according to the U.S. Commodity Futures Trading Commission.
Speculators Bought Gold
Hedge Funds increased their net-long position by 4.1 percent to 35,691 futures and options, U.S. Commodity Futures Trading Commission data for July 9 show. Net holdings expanded even as speculators increased short bets to a […]
Australian Dollar Higher After China Growth
Australia’s dollar strengthened after a report showed China’s economy grew 7.5 percent in the second quarter, matching economists’ estimates. The Australian currency dropped last week after Chinese Finance Minister Lou Jiwei said this year’s expected […]
France lost its top credit rating at Fitch Ratings
France was cut by one step to AA+ from AAA, Fitch said today, joining Moody’s Investors Service and Standard & Poor’s in removing France from the shrinking club of top-rated governments. The outlook is stable. […]
Gold end the week higher
Gold is higher this week with the precious metal rallying 4.74% to close at $1280 on Friday, its largest weekly gain in nearly 2 years. The advance comes amid a larger correction in the U.S. […]
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