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Digital currencies recover from losses; safe assets in focus

The market of digital currencies continues to recover after the fall caused by China’s decision to close the local crypto-exchanges by the end of October. Also investors got interested in risk-off assets amid escalating tension on the Korean peninsula. (more…)

26 September 2017
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EUR and NZD down after elections

The euro and the NZ dollar moved down on Monday after the elections in Germany and New Zealand. During the morning trade, the EUR lost 0.5% to $1.1896, while the NZD fell by 1% to $0.7265. Traders are focused on speeches of the heads of central banks of the USA, Europe, the UK, Canada, and Japan. (more…)

25 September 2017
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Global stocks mixed on Friday

The U.S. stock market closed lower on Thursday because of the possible interest rate hike by the Fed and new Washington’s sanctions against North Korea. Asian markets also fell on Friday, while European companies, on the contrary, moved higher on positive economic data. (more…)

22 September 2017
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Oil moves lower after significant rise

Oil prices started declining on Thursday morning due to the growth of oil reserves in the U.S. By 7:00 GMT, Brent futures fell by 0.41% to $56.06 per barrel. WTI futures were traded at $50.50 a barrel – 0.37% lower. (more…)

21 September 2017
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Fed’s interest rate decision in focus

On Wednesday, market players await the Federal Reserve’s decision on monetary policy. It is expected that the U.S. Central Bank will raise the interest rate for the third time this year. However, many investors doubt and believe that the Fed will wait for more positive economic results. (more…)

20 September 2017
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Gold regains but stays close to record lows

On Tuesday, gold prices rose slightly, but remained close to a 3-week-minimum. The markets are focused on the results of the upcoming Fed meeting as they want to get new information about the next interest rate hike. Also investors are interested in Fed’s plans to reduce its balance sheet. (more…)

19 September 2017
Stock markets open on positive note

Shares of Asian companies beat a 10-year record on Monday, while the U.S. dollar keeps rising against the yen ahead of the U.S. Federal Reserve meeting that will take place this week. (more…)

18 September 2017
Safe assets move higher on geopolitical risks

Gold rose on Friday after North Korea conducted another ballistic missile test that caused a strong tension in the markets and increased demand for safe assets. (more…)

15 September 2017
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Oil moves down again after sharp rise

During the morning trade on Thursday, oil prices started lowering after a sharp growth yesterday. The quotes were up due to the positive data on inventories in the U.S. and the news from OPEC. (more…)

14 September 2017
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Gold recovers after two-day losses.

On Wednesday, gold opened higher for the first time in three sessions. However, the growth of the yellow metal is limited because market players prefer buying risk assets rather than “safe-haven” ones. (more…)

13 September 2017
  Global stocks up on Irma and North Korea relief

Major U.S. stock indices rose by more than 1% on Monday and closed at a record high. The Hurricane Irma was not as destructive as expected. Also, the tension around the Korean peninsula eased. (more…)

12 September 2017
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Bitcoin and US dollar recover

Bitcoin, the world’s most popular crypto-currency that reached a record high of $4,911.80 on September 2, is still under pressure. Last week, the digital currency experienced a powerful decline caused by the Bank of China’s decision to ban ICO operations in the country. Last Friday, the Chinese Central Bank continued sanctions: the government decided to ban the digital currencies exchange. (more…)

11 September 2017
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European stocks up ahead of ECB meeting

The European stocks opened higher on Thursday ahead of the European Central Bank meeting. The main questions of the upcoming conference are the monetary policy decision, stimulus program reduction, and the strengthening of the European currency. (more…)

7 September 2017
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Oil stable after growth on Tuesday

Oil prices remain stable on Wednesday after a strong growth the day before due to the resumption of refineries in the U.S., which revived the demand for crude oil. (more…)

6 September 2017
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Cryptocurrency market down after ICO ban in China

Bitcoin and other crypto-currencies continue declining on Tuesday after the ban of the Initial Coin Offering (ICO) in China. According to the source close to decision makers, China will keep tightening the rules on crypto-currencies. (more…)

5 September 2017
Markets move up ahead of jobs data

The U.S. dollar is flat on Friday, as market players do not hurry to invest ahead of the monthly U.S. jobs report. The weak economic data that was published during the recent weeks questions the Fed’s ability to raise interest rates again by the end of 2017. (more…)

1 September 2017
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Oil keeps falling on fears of low demand

The fall of oil prices slowed during the Asian trading session on Thursday, as the report on production activity in China and the EIA data on U.S. oil inventories slightly improved the global market sentiment. However, the main movement in the market is related to the consequences of the Tropical Storm Harvey in the Gulf of Mexico. (more…)

31 August 2017
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Bank of New Zealand needs lower NZD to raise inflation

The Governor of the Reserve Bank of New Zealand (RBNZ) Graeme Wheeler stated on Wednesday that the strengthening of the export sector and the growth of inflation depends on the lower rate of the New Zealand dollar. The NZD has been in great demand among traders, but this fact may damage export rates and inflation, which depends on imports. (more…)

30 August 2017
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The global markets jump into safe-havens

On Tuesday, investors decided to rush to “safe-haven” assets like the JPY, CHF, and gold. The main trigger behind this move is geopolitics. (more…)

29 August 2017
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Oil goes down influenced by Hurricane Harvey

Oil prices fall during the trading session on Monday in the wake of Hurricane Harvey in the U.S. Several oil companies, including Shell and ExxonMobil, have suspended oil production in the dangerous region. Meanwhile, futures for gasoline reached a record level for the first time since July 2015. (more…)

28 August 2017
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Currency market flat as Yellen and Draghi speeches ahead

On Friday, the U.S. currency is flat, as market players do not hurry to take important steps before the speeches of Janet Yellen and Mario Draghi during the conference in Jackson Hole, Wyoming. (more…)

25 August 2017
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Oil falls as gasoline level beat forecasts

Oil prices fall on Wednesday afternoon. The main reasons for the decline in are the resumption of production in Libya and API data on gasoline stocks growth despite high demand as the travel season in the U.S. goes on. (more…)

23 August 2017
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Markets uncertain ahead of Jackson Hole

On Tuesday, the markets stay uncertain ahead of the Fed conference in Jackson Hole (Wyoming). The two-day meeting starts on Thursday. The heads of the world’s central banks will be hosted by the Federal Reserve Bank of Kansas City. Investors are highly interested in Janet Jellen and Mario Draghi’s speeches – their comments may shed some light on possible monetary policy changes. (more…)

22 August 2017
North Korea – USA tensions affect markets

The week has started off with escalated tensions between the United States and North Korea. On Monday, the U.S. and South Korea launched the united military training of Ulchi Freedom Guardian, which will last till the end of August. The reaction of North Korea was immediate – Pyongyang has called this event a preparation for the attack. Meanwhile, Pentagon assures that the training has “defensive nature”. (more…)

21 August 2017
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Trump concerns and attacks in Spain put pressure on markets

On Friday, the global markets can be described in one word – “risk-off”. Investors prefer “save-heaven” assets, and it is quite understandable – worries around President Donald Trump‘s current economic policy are constantly growing. Market players are not sure so far that the U.S. leader will be able to realize his pre-election pledges, including tax cut plans. (more…)

18 August 2017
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Oil remains at three-week lows

Oil slightly rose on Thursday recovering from yesterday’s sharp fall. The price movement was affected by the more or less positive data on U.S. oil inventories. However, prices stay close to the lows that were reached three weeks ago, as the rising production in the United States and some other countries, including Libya and Nigeria, keeps putting pressure on quotes. (more…)

17 August 2017
US stocks up ahead of Fed’s minutes

U.S. stocks were opened at a higher level on Wednesday as the positive retail sales data and the easing U.S.-North Korean conflict calmed investors down. Right now, market players are waiting for the Federal Reserve’s minutes. The data on the latest policy meeting will be published by the U.S. central bank at 18:00 GMT, and traders expect to get any signs of interest rate hikes one more time this year. (more…)

16 August 2017
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GE lost 59% of its profit, cash flow increased

General Electric Co reported its profit fell by almost 60% as its appliances business segment was sold. However, the cash flow of the company rose, and sales rates were higher than expected. Meanwhile, GE stocks fell. (more…)

21 July 2017
Dollar near two-year lows against euro after Draghi comments

The U.S. dollar approved its course of the weekly weakening and remained close to its lowest level against the European currency in two years. The currency reacted to market players’ sentiment after European Central Bank Head Mario Draghi’s hawkish comments. The Australian currency went down against the USD after a representative of the Reserve Bank of Australia issued dovish comments. (more…)

21 July 2017
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ECB keeps policy unchanged

On Thursday, the European Central Bank (ECB) decided to keep its interest rates unchanged. It will not introduce any new measures on its policy either. Market players expected the central bank to keep its rates at the record low level, but extension of assets purchasing is also highly possible. (more…)

20 July 2017
Oil falls from 6-week highs touched earlier

Oil prices were decreased during the European trading session on Thursday after they reached the highest level in six weeks a day before. (more…)

20 July 2017
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Qualcomm is accused of possible antitrust violations

Qualcomm Inc that provides Apple Inc with own chips for famous iPhone was accused of antitrust rules violation by four companies, which work with Apple products. Hon Hai Precision Industry Co (owns Foxconn), Wistron Corp, Compal Electronics Inc, and Pegatron Corp alleged that the chip supplier violated regulations of two sections of Sherman Act (the U.S. antitrust law). (more…)

19 July 2017
Gold moves down after 3-week highs

During the European trading session on Wednesday, gold prices went down after three-week-highs they reached earlier. On Comex, gold futures fell by $2.50 (0.2%) and were traded at the level of $1,239.46 a troy ounce by 07:00 GMT. (more…)

19 July 2017
Johnson & Johnson raises profit forecast after Q2 good performance

Johnson & Johnson informed on Tuesday that it was going to rise its full-year profit forecast. The company also reported about second quarter earnings that were better than expected due to the high demand for new products (such as cancer drug Darzalex). (more…)

18 July 2017
Oil position tends to become stable

The oil market stabilized on Tuesday, as demand level became firm. However, the United States producers and high supply levels of the OPEC still affect oil prices. (more…)

18 July 2017
Bitcoin and Ethereum up after weekend fall

On Monday, prices of Ethereum and Bitcoin started recovering from their recent decline. During weekend they faced a sharp downside movement as traders were worried about a possible cryptocurrency bubble. (more…)

17 July 2017
Dollar moves away from 10-month lows

The U.S. dollar index moved up and left previously touched 10-month lows on Monday reacting to the recent report about the Chinese economy. China’s economy has started growing more effectively during the second quarter of 2017. Still, investors doubt about an actual ability of the Federal Reserve to raise interest rates one more time this year, and this fact has an influence on the DXY movement. (more…)

17 July 2017
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Eurozone trade rates grows in May

The Eurozone seems to have trade boom in May, as both its imports and exports rates with other countries rose and made investors confident in global commerce situation. The European Union, which is treated as the main global trader, demonstrated the trade growth with all of its major partners, including sanctioned Russia. (more…)

14 July 2017
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Oil falls in Asia after the strongest week

Oil prices went down during the Asian morning trade session on Friday, reacting to positive forecasts on the growth of inventories and production rates. (more…)

14 July 2017
Uber and Yandex to unite for Russian and other markets

Uber and Yandex signed an agreement to combine their businesses in Russia. Yandex has become a leading partner of the mentioned deal. It provides its participants with the extension to five correspondent markets. (more…)

13 July 2017
China-North Korea trade rose in 2017

According to the Thursday’s information from Chinese officials, China’s trade volume with sanctioned North Korea was increased by 10% from January to June (compared to the previous year). This information indicated that Beijing was not effectively influenced by the United Nations’ pressure. (more…)

13 July 2017
Spotify to sign royalty agreement with Sony

Spotify company agreed to sign a licensing deal with Sony Music Entertainment, preparing the basis for inclusion of the company in the U.S. stock market listing. (more…)

12 July 2017
Saudi Arabia to cut oil supply for August

Saudi Arabia is going to decrease oil shipments in August to increase its summer domestic consumption, provide balance, and remain within OPEC cut deal terms. Saudi industry source also informed that the mentioned decrease could reach over 600,000 barrels per day. (more…)

12 July 2017
Amount of eBay “millionaires” in Europe rose by 50%

The amount of “millionaire” online businesses on eBay rose by 50% in the last four year in key international markets of Germany and Britain, despite the slowdown effect on their growth due to currency swings outside the U.S. (more…)

11 July 2017
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Dollar at 2-month highs against yen before Yellen testimony

The U.S. dollar was traded at two-month highs against the Japanese currency on Tuesday, while investors were waiting for the Federal Reserve Chair Janet Yellen comments to find any clues on further possible interest rates increase. (more…)

11 July 2017
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Oculus cuts price of VR-set to effectively compete with rivals

Oculus, which is currently owned by Facebook Inc, is going to cut its prices for the hardware. The virtual reality company reacts to industry trends and tries to answer the question: why such a prominent technology for gaming could not become popular among costumers. (more…)

10 July 2017
Gold moves to 4-month low ahead of Yellen testimony

Gold prices reached a new four-month low during European trading session on Monday, while market players were monitoring upcoming comments from Fed policymakers or information on U.S. economic situation. They try to find clues on interest rate changes for the rest of the year. (more…)

10 July 2017
USD/CAD around 10-month lows after U.S. and Canadian job data

The U.S. dollar fell to the new 10-month lows against the Canadian currency on Friday, after the U.S. employment data demonstrated mixed performance and the same topic report from Canada was positive. (more…)

7 July 2017
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European stocks down after ECB minutes

Stocks of European companies lowered on Friday, evidently weighted by geopolitical tension on the Korean peninsula and monetary policy tightening in Europe. (more…)

7 July 2017
Deutsche Bank may open new office in Frankfurt after Brexit

Deutsche Bank may move a big part of its securities trading assets from London to Frankfurt (or any other suitable location in Europe) as a part of preparations for the Brexit process. (more…)

6 July 2017
Oil goes up on U.S. inventory fall, forecasts remain dull

Oil prices rose on Thursday, demonstrating moderate recovery, as the better-than-expected U.S. demand report yesterday stopped the downside movement of prices. Still, analysts have less optimistic view on oil prices in 2018. (more…)

6 July 2017
Volvo to start electrification of ICE vehicles in 2019

Volvo informed on Wednesday that it is going to produce cars with electric or hybrid engines, starting from 2019. The company, which is based in Sweden and Chinese-owned, became the first major automaker that decided to stop producing internal combustion engine vehicles after the defined date. However, models launched before still will be produced with pure combustion-engines. (more…)

5 July 2017
Gold away from 8-week lows on Korean tensions

Gold went higher during the European trading session on Wednesday, after they marked the lowest level for almost 2 months. Geopolitical tension on the Korean peninsula pushed safe haven demand higher. (more…)

5 July 2017
Samsung going to invest $18.6 billion in South Korea business

Samsung Electronics Co Ltd informed on Tuesday that the company is planning to invest approximately $18.6 billion in South Korea to assure its leading position in production of memory chips and next-gen smartphone displays. With the help of this plan, around half a million of jobs can be created. (more…)

4 July 2017
Yen rises after North Korea missile launch

The Japanese currency demonstrated its broad increase on Tuesday after North Korea conducted another missile launch and provided a basis for additional geopolitical concerns. The Australian dollar was down due to speculations on possible Reserve Bank of Australia policy changes. (more…)

4 July 2017
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Tesla shares up as Model 3 release date clear

Shares of Tesla Inc moved up by 3% on Monday, after the company announced that Model 3 sedan of the luxury electric-car maker would be delivered for the first 30 customers on July 28. The car has already passed all regulatory requirements two weeks earlier than it was planned. (more…)

3 July 2017
Oil prices up on U.S. drilling decrease

Oil went up on Monday, as U.S. drilling activity was decreased for the first time in several months. However, prices were under pressure after OPEC’s report indicating that the output rose last month despite the cartel’s efforts to cut production rates. (more…)

3 July 2017
Nike to launch pilot cooperation program with Amazon

Nike Inc informed on Thursday that it is going to start a pilot program in cooperation with Amazon.com and use its website to sell a limited assortment of products. The world’s largest footwear maker and Dow participant recently reported its sales and quarterly profit higher than expected. Its position went up by 8.2% to $57.54 by trade close. (more…)

30 June 2017
Euro heads to the best quarter in 7 years

On Friday, the European currency was not far from 14-month highs and had all chances to demonstrate the best quarterly performance in approximately 7 years. The euro growth was mainly caused by growing expectations on the European Central Bank to narrow its monetary stimulus. Tuesday’s speech of by ECB President Mario Draghi increased the possibility the stimulus reduction, and it may be announces in September. (more…)

30 June 2017
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Senators want to ban Kaspersky Lab from use by military

U.S. senators currently seek ways to ban products of Kaspersky Lab from use by military structures. They think the Moscow-based cyber security firm is under influence of the Russian government. A day earlier, FBI interviewed several employees of U.S. branch of the company about its activity. (more…)

29 June 2017
Oil prices reach 2-week highs as U.S. oil production slows down

Oil prices rose to two-week highs during the European trade session on Thursday, continuing a notable growth for the sixth session in a row. U.S. governmental information demonstrated the biggest crude production decline in a year. (more…)

29 June 2017
Cyber-attack hit the world, WannaCry possibly involved

The global cyber-attack disrupted Ukrainian banks, a Russian huge oil company and some other multinational companies. The virus was similar to the ransomware that attacked millions of computers last month. (more…)

28 June 2017
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Euro and bond yields higher on ECB stimulus narrowing

The European currency reached a 1-year high on Wednesday, while 10-year Bund yields continued to rise after they doubled their position yesterday. Market players expect the European Central Bank to narrow its 2-trillion-euro stimulus program. (more…)

28 June 2017
Europe charged Google with a record $2.7 billion fine for abusing market dominance

On Tuesday, the European Commission (EC) fined Google with a record sum of €2.42 billion ($2.7 billion), equal up to 5% of the Alphabet average daily worldwide turnover, for abusing its leadership in the search engine market. The EC stated that Google search engine served as a source of illegal advantage for other Google products (shopping service), and it is a direct abuse of European Union (EU) antitrust rules. The company was required to stop its illegal activity within 90 days. (more…)

27 June 2017
USD lower as investors await Fed comments

The U.S. dollar moves down against six major currencies on Tuesday, while market players are waiting for speeches of the Federal Reserve officials to find any clues on Central bank’s plans to increase interest rates one more time this year. (more…)

27 June 2017
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Time Inc and Barclays to start Fortune 500

Time Inc informed on Monday that it is going to license its Fortune brand for Fortune 500 stock indexes as a part of its new partnership agreement with Barclays PLC. The company is trying to diversify revenue directing it for index-investing business which currently grows. (more…)

26 June 2017
Gold stable ahead of Fed speeches and U.S. economic data

Gold prices did not have notable changes during the European early trade on Monday. Market players wait for comments by Fed officials and U.S. economic reports this week to evaluate chances of the next interest rates hike this year. (more…)

26 June 2017
Tesla to open electric car factory in China

Tesla Inc is planning to establish its electric vehicles manufacturing complex in China. Revealing the pace of its progress, the company announced that it is currently in exploratory talks with the municipal government in Shanghai. (more…)

23 June 2017
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Gold moves up on Friday as U.S. dollar weakens

Gold prices rose up on Friday reacting to the U.S. dollar weakening and market players’ uncertainty about the ability of Federal Reserve to increase interest rates this year. (more…)

23 June 2017
Reserves of RBNZ pushed NZD up

The New Zealand dollar demonstrated the most active movement compared to other global currencies on Thursday. During the recent policy meeting, the central bank of the country did not show any clear efforts to control the currency. (more…)

22 June 2017
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European stocks open lower as oil prices weight

Shares of European companies traded lower on Thursday, as oil prices continued to decrease and affect the market sentiment. (more…)

22 June 2017
Asian companies demonstrate business confidence

According to surveys, business confidence in Asia reached three-year highs in the second quarter of 2017 due to the positive economic data. The Asian Business Sentiment Index, which presents a half-a-year outlook of 101 companies, was increased to 74 during the April-June period, while in the first quarter of the year it was at 70. If the rating is higher than 50, the overview will be treated as positive. Analysts concluded that the global economy became more solid and stable. (more…)

21 June 2017
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Oil near several-month lows ahead of US inventories data

Oil prices remained not far from their multi-month lows in Europe on Wednesday. Market players are waiting for a weekly report on U.S. crude inventories today. (more…)

21 June 2017
Gold close to 5-week low after hawkish Fed comments

Gold prices remained near their five-week lows during the European trading session on Tuesday, as market players reacted to hawkish comments of the Federal Reserve and presumed that another interest rates hike is possible. (more…)

20 June 2017
Pork demand in China reached the lowest level

Frozen dumpling makers from China can develop their business and raise a sales rate by using more vegetables and less meat in their products, since new urban population needs to move away from fast food to the fat reduced diet. Analysts pointed a new trend in mainland China food sales, while consumers of the age from 20 to 35 are trying to eat healthier food at least once a week or so. (more…)

20 June 2017
IMF wants Japan to keep current fiscal policy and monetary stimulus

The International Monetary Fund is trying to convince the Bank of Japan to avoid its fiscal policy narrowing, while monetary policy is to be made even wider if any risks to the country’s economy become real. IMF also pointed weak consumption level as the main vulnerable spot of the Japanese economy that could be easily influenced in case of any external shocks. BOJ is expected to restrict long-term interest rates according to the yield curve control policy. (more…)

19 June 2017
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Sterling is flat ahead of Brexit negotiations

On Monday, several major central banks released their reports on monetary policy and inflation, pushing the U.S. dollar and the euro higher against the yen. Market players are waiting for speeches of the Federal Reserve’s officials and any suitable information about Brexit negotiation. (more…)

19 June 2017
BOJ policy unchanged, consumption and global growth outlook upgraded

On Friday, the Bank of Japan decided to keep its monetary policy at the current level. The central bank also adjusted its outlook for the private consumption rate in the country and for the foreign economies’ growth. The results of the meeting could be treated as a clear signal of increased confidence and a recovery impulse for export-driven economy such as Japan. (more…)

16 June 2017
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Gold rise in Asia after sharp fall yesterday

Gold prices went up during the Asian trading session on Friday. The market sentiment was affected by interest rates hike by Fed and investors doubts over Donald Trump’s ability to conduct tax cuts and stimulus programs amid recent political tensions in Washington. (more…)

16 June 2017
Google to invest in biotech from Europe

Google is going to invest in a new $300 million fund owned by Medicxi firm, which specializes in leading life sciences investments. European biotech companies can also be supported by a Swiss company Novartis. (more…)

15 June 2017
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USD moves down because of Trump investigation and weak economic data

The U.S. dollar lowered on Thursday as weak inflation data made investors worried about the ability of Federal Reserve to conduct one more interest rate rise this year. (more…)

15 June 2017
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Oil prices go down as U.S. crude stocks and OPEC output increase

Oil prices fell on Wednesday after the industry information showed that U.S. crude inventories rose. OPEC’s data published on Tuesday demonstrated that its production output also grew up, despite the oil cut agreement. (more…)

14 June 2017
Asia mixed and Wall Street high ahead of Fed meeting

Shares of Asian companies were mixed on Wednesday as investors were waiting for any clear information about Federal Reserve’s meeting and interest rates changes. Fed Chair Janet Yellen is going to publish results of the meeting during the news conference at 18:00 GMT. (more…)

14 June 2017
Hyundai Motor starts new SUV sales

An auto making company, Hyundai Motor, presented its first subcompact sport utility vehicle named Kona. The SUV was created for sales in advanced markets of Europe, the United States, and South Korea to overcome decreasing sales in China and compete with its rivals. The company also informed about its plans to start production of an electric version of Kona next year and to extend the model row with small and large SUVs by 2020. (more…)

13 June 2017
Canadian dollar rise on hawkish comments from BoC

The Canadian dollar reached the highest position for two months on Tuesday, after the Central bank of Canada’s hawkish comments. Meanwhile, political uncertainty in Britain undermined the position of sterling. (more…)

13 June 2017
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Aldi plans to invest in U.S. to expand the chain

On Sunday, a grocery chain from Germany, Aldi Inc, informed about its plans to invest $3.4 billion in the U.S. and increase the number of its stores to 2,500 till 2020. Its intention can surely be treated as stakes rising in a price war against rivals. (more…)

12 June 2017
Gold goes down; Fed meeting and UK politics stay in focus

Gold prices moved down during the European trading session on Monday. Market players are focused on the upcoming policy meeting of the Federal Reserve and political situation in Britain. (more…)

12 June 2017
Draghi upgrades growth outlook for the Eurozone

The European Central Bank (ECB) adjusted its outlook on the Eurozone on Thursday and demonstrated less dovish approach about interest rates, taking first definitely effective step to the ECB policy tightening since 2011. (more…)

9 June 2017
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GBP falls after results of UK elections

The British pound demonstrated a downside movement on Friday reacting to results of the British elections and possible consequences. None of parties managed to win a majority of seats in the Parliament, and this situation can lead to political instability in the country or even stop the Brexit process. The pound lost almost 2% right after the results were published. (more…)

9 June 2017
Honda to launch self-driving cars by 2030

A car-making company from Japan, Honda Motor Co, announced its plans to overcome auto market rivals. It also mentioned about its own autonomous car project that has to be introduced by 2025. The plan is called “Vision 2030”, and it provides the company with the effective mid-term strategy. (more…)

8 June 2017
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Oil prices start rebounding from two-week lows

Oil prices rose during the European trading session on Thursday after the biggest fall they had after the unexpected data on U.S. crude inventories growth. (more…)

8 June 2017
European banks move up after Banco Popular bail out

European financial markets rose on Wednesday after the rescue of the Spanish Banco Popular. Market players are focused on three major events on Thursday. (more…)

7 June 2017
Oil falls but remains supported by Mideast tension and U.S. stocks draw

Oil prices went down on Wednesday. As a result, Brent oil futures were traded almost at $50 per barrel. However, oversupplied oil market was influenced by increasing tension in the Middle East and dipping U.S. inventories. (more…)

7 June 2017
Central Bank of Australia leaves interest rates unchanged

The Central Bank of Australia decided to keep interest rates at the current level on Tuesday supporting its policy unchanged for the tenth month in a row. The data created optimistic sentiment about the Australian economy and its growth, despite the slowdown demonstrated during previous quarter. (more…)

6 June 2017
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Gold goes up to 6-week highs on investors’ worries

Gold prices rose to the highest position in more than six weeks during the European trading session on Tuesday as market players remained cautious ahead of the upcoming British elections. Investors’ sentiment was also influenced by the former FBI director’s testimony later this week. (more…)

6 June 2017
Pound tends to go down after attack in London

The British currency was weak on Monday as markets reacted to an attack in London where seven people were killed. As a result, the GBP/USD pair went down by 0.14% to the level of 1.2869. The USD/JPY pair gained 0.27% and was traded at 110.69; AUD/USD rose by 0.16% to the level of 0.7454. The U.S. dollar index also grew up by 0.17% to the mark of 96.77. (more…)

5 June 2017
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Canada supplies China with more pork than US in Q1 2017

Canada became the biggest North American pork supplier for China leaving the United States behind. Both of the suppliers are constantly competing for the biggest world market for their products. (more…)

5 June 2017
Japan GPIF did a lawsuit on Toshiba auditor because of investment losses

Government Investment Pension Fund (GPIF) of Japan filled a case on the local affiliate of Ernst & Young (global accounting firm) and claimed $31 million as investment losses, while the funds were invested in Toshiba Corp, which has just started recovering from 2015 accounting scandal. (more…)

2 June 2017
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World stocks reach record highs on positive economic data

Global stocks reached a record level on Friday, and Asian markets rose to two-year highs. Investors have optimistic sentiment on the movement of the market because of positive manufacturing data from the U.S. and the growth of the European factory sector. (more…)

2 June 2017
Bitcoin exchanges in China resume withdrawal of cryptocurrency

Main Chinese Bitcoin exchanges allowed their traders to withdraw the cryptocurrency after four-month restriction made by the Central banking institution. (more…)

1 June 2017