Search Results for: oil
Yen rose while Australian dollar fell; Key events coming this week
July 31st, 2017
Asian raw-material producers advanced after a surge in commodity prices bolstered optimism the global economy can gather momentum. Oil extended last week’s strongest rally this year. BHP Billiton Ltd., Rio Tinto Ltd. and Nippon Steel & Sumitomo Metal Corp. ...
Hedge funds’ preference for grains over softs ‘has gone far enough’
July 26th, 2017
Hedge funds’ preference for grains over soft commodities – at its strongest since 2012 – may have gone far enough, with commentators foreseeing cause for buying in the likes of cocoa and coffee, but selling in corn and wheat. ...
“Time to Sell” Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strategists
July 26th, 2017
It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week. The call by Vamvakidis comes as momentum against ...
Staff of a Forex trading firm continue to be held hostage in alleged extortion attempt
July 25th, 2017
USGFX: Australian currency trader staff in Shanghai held hostage in alleged extortion attempt Three Chinese and Taiwanese staff members from an Australian foreign exchange trading firm continue to be held against their will in a Shanghai office, in an ...
Yen advanced, Euro and Australian dollar rose
July 25th, 2017
Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines. The MSCI Asia Pacific Index fluctuated near a 10-year ...
Notable moves in markets and some key events coming up this week
July 24th, 2017
Stocks Mixed Before Earnings, Fed; Yen Pares Gains Stocks in Asia were mixed at the start of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil remained below $46 a barrel before an OPEC meeting, ...
Exxon sues U.S. over $2 million Russian sanctions fine
July 21st, 2017
The U.S. Treasury Department on Thursday imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, ...
Dollar extended losses; The euro jumped
July 18th, 2017
Asian shares, dollar slip as passage of U.S. healthcare bill doubtful Asian shares stepped back from more than two-year highs on Tuesday and the dollar extended losses as passage of a U.S. healthcare bill grew doubtful, and as investors ...
Asia shares rise; the Dow and S&P 500 hit record highs
July 17th, 2017
Asia shares rise on strong China GDP, accommodative Fed view Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about ...
Here is a list of world’s safest currencies
July 14th, 2017
When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group Inc. economists. Goldman Analysis Has Yen Topping Swiss Franc as Safest of Havens Japan’s currency ...
