Euro Plunges on Weak Euro Zone Inflation Data

The EUR/USD plunged to its lowest level since September 2012 after a report showed Euro Zone inflation slowed further in September on falling prices of unprocessed food and energy, according to the first estimate on Tuesday. Following the release of the news, traders sold the Euro in anticipation of further stimulus by the European Central […]

Silver losing its luster

Silver (COMEX:SIV14) continues to “lose its luster” as new highs in the U.S. Dollar again weigh heavily on the precious metals. Both silver and gold made new contract lows this morning in the December contract as the dollar continues to tear higher. Provided the market continues to put in new contract lows, there’s not much […]

FXCM Japan restricts CFD trading to professional clients

In an announcement, the Japanese subsidiary of the global retail FX giant FXCM said that it would no longer accept applications for CFD accounts from general clients, including companies and individuals. Existing general clients will be able only to close their positions with Gold CFDs and stock index CFDs, without being able to open new […]

Home prices rising at slowest pace since 2012

U.S. home prices in July showed their smallest annual gains since late 2012, according to a closely-watched barometer of the market. The Standard & Poor’s/Case-Shiller 20-city index shows prices rose 6.7% in July from a year earlier, S&P said Tuesday. That’s the smallest year over year gain since November 2012 and continues a trend of […]

US consumer confidence slides in September

U.S. consumer confidence dropped in September after hitting the highest level in nearly seven years in August.   The Conference Board says that its confidence index fell to 86.0, the first decline after four months of gains. It fell from a revised 93.4 in August, which had been the highest level since autumn 2007 before […]

Consumption of oil-based products has fallen

US demand for petroleum products has experienced an unprecedented and broad-based decline over the last eight years as soaring oil prices have forced consumers to become more efficient and seek cheaper alternatives.Consumption of oil-based products has fallen in every major category — from gasoline, diesel and jet kerosene to heating oil, fuel oil, petrochemical feedstock, […]

Argentina in contempt over bond payment plan

In a rare move, a U.S. judge held Argentina in contempt on Monday, saying the country is taking “illegal” steps to evade his orders in a longstanding dispute with hedge funds over defaulted debt. A source at Argentina’s central bank nevertheless said the country plans to deposit an interest payment at a local bank on […]

Commodity technicals 30 sep 2014

Commodity technicals 30 sep 2014 Commodity LTP Trend Momentum Support Resistance Trading Idea 1217$ down bearish 1205$ 1230$ showing recovery signal 17.53$ down bearish 17$ 18.15$ showing recovery signal 94.46$ up bullish 92.8$ 96$ keep buy on dips view 4.12$ up bullish 3.95$ 4.3$ keep buy and accumulate view

27 new billionaires in richest Americans list

On average, the people on Forbes’ American billionaire list released Monday have a net worth of $5.7 billion, up from $5 billion last year. Their wealth is so staggering that the magazine had to raise its “price of admission” by $25 million to $1.55 billion. Topping the list are the familiar names of Bill Gates […]

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