UK_Pounds

The US dollar continued to surge higher sending gold prices falling to a 7-week low after prices previously touched a yearly high above the $1300 an ounce handle. Oil prices were also trading higher, briefly testing the psychological $50 handle before giving back the gains. Oil prices gained as the weekly inventory data showed a more than expect...

2016-05-27 John Benjamin Read more
Australia_Orbex

The Australian dollar weakened today as RBA Governor Stevens said that inflation was still low despite unemployment and growth improving. German quarterly GDP was unchanged at 0.70%, and the UK’s budget deficit narrowed in April. Today’s Economic events RBA Gov. Stevens speech Swiss trade balance 2.50 bn. vs. 3.14 bn. German fin...

2016-05-25 John Benjamin Read more
Euro coin

Japanese officials stepped up their rhetoric to weaken the yen this week after finance minister Taro Aso took a hard stand warning speculators of a one-sided trade. He said that the authorities could intervene in the markets if the yen continued to rise rapidly. The remarks came after the yen soared in early May after the Bank of Japan left mone...

2016-05-13 John Benjamin Read more