Posted by editor on April 21, 2017

The pound was little changed against the U.S. dollar on Friday, after the release of downbeat U.K. retail sales data, as news this week of a snap election in June continued to support demand for sterling and as sentiment on the greenback remained vulnerable.

GBP/USD hit 1.2773 during European morning trade, the session low; the pair subsequently consolidated at 1.2806.

Cable was likely to find support at 1.2766, the low of April 19 and resistance at 1.2909, the high of April 18 and a six-month peak.

Posted by editor on April 20, 2017

Oil prices stayed near their lowest level in two weeks in North American trading on Wednesday, after data showed that U.S. crude supplies fell less than expected last week.

The U.S. West Texas Intermediate crude May contract dipped 9 cents, or about 0.2%, to $52.31 a barrel by 10:35AM ET (14:35GMT). Prices were at around $52.42 prior to the release of the inventory data.

The U.S. benchmark lost 26 cents on Tuesday after hitting its lowest since April 7 at $52.10, amid renewed concerns about a global supply glut.

Posted by editor on April 19, 2017

The yen eased slightly in early Asia on Wednesday in a thin regional data day with geopolitical tensions over the Korean peninsula on the backfoot for now.

USD/JPY changed hands at 108.58, up 0.14%, while AUD/USD traded at 0.7562, up 0.03%. GBP/USD was last quoted up 0.02% to 1.2845.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.79% to 99.41.

Posted by editor on April 18, 2017

The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.

Still, the dollar was capped by nervousness about Tuesday's economic dialogue between the United States and Japan. Lingering worries about North Korea and the coming French presidential elections also kept a lid on the dollar against the safe-haven yen.

Posted by editor on April 17, 2017

The dollar dipped to a five-month low against the yen on Monday as rising tensions over North Korea kept the safe-haven Japanese currency in demand.

The dollar index against a basket of major currencies was down 0.2 percent at 100.390 (DXY), weighed down following the release of Friday's weak U.S. retail sales and consumer prices data and as flight-to-safety drove U.S. Treasury yields to five-month lows.

The U.S. currency extended losses from the previous day and retreated to 108.135 yen , its lowest since mid-November.

Posted by editor on April 13, 2017

 The dollar fell to session lows against a basket of major currencies on Wednesday, after President Donald Trump said the currency is getting too strong while geopolitical concerns continued to weigh on sentiment.

President Trump told the Wall Street Journal on Wednesday, that he thinks the currency (dollar) is getting too strong and hinted that he may reappoint Janet Yellen to chair the Federal Reserve Board when her term ends in 2018, as he added "I do like a low-interest rate policy, I must be honest with you,”

Posted by editor on April 12, 2017

 The Australian dollar held steady against its U.S. counterpart on Wednesday, while the New Zealand dollar slipped lower as geopolitical tensions around the world dampened risk sentiment.

AUD/USD was little changed at 0.7499, off a three-month low of 0.7471 hit on Tuesday.

Markets were jittery amid ongoing concerns over the French presidential election and possible U.S. military action against Syria and North Korea.

Earlier in the week, a U.S. Navy strike group was sent toward the western Pacific - a force U.S. President Donald Trump described as an "armada".

Posted by editor on April 11, 2017

As crude prices recover, oil majors face a dilemma – how quickly should they seek to replenish reserves?

It’s the same question the cyclical oil industry has tackled many times before: go too fast and risk spending too much for little reward, go too slowly and your rivals will be better positioned to grab market share should oil prices rise.

New data revealed by a Reuters analysis shows the oil and gas reserves of global majors have fallen sharply.

Posted by editor on April 10, 2017

Moscow has promised over $1 billion in loans for Belarus after last week's talks between the leaders of two countries, Belarusian Deputy Prime Minister Vladimir Semashko told the local ONT TV station late on Sunday.

Moscow could also help Belarus tap into an additional $600 million from the Russia-led Eurasian Fund for Stabilization and Development, Semashko said.

Posted by editor on April 07, 2017

Peru stocks were lower after the close on Thursday, as losses in the Banking & Financials, Mining and Food & Beverages sectors led shares lower.

At the close in Lima, the S&P Lima General fell 0.54%.

The best performers of the session on the S&P Lima General were Grana Y Monter (LM:GRA), which rose 14.75% or 0.360 points to trade at 2.800 at the close. Meanwhile, Casa Grande (LM:CSG) added 4.39% or 0.290 points to end at 6.900 and Relapasa (LM:REL) was up 2.62% or 0.006 points to 0.235 in late trade.


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