EUR/USD inches higher in a short squeeze, as Russia and Iraq geopolitical conflicts come into focus
The euro regained some of the lost ground on Friday, but the unfavorable geopolitical situation, the mounting sanctions and the prospect of rising oil prices are sure to cut its gains soon. The euro made a recovery More...
China’s economy sees record trade surplus due to strong exports
China reports a record surge in exports; policymakers hopeful that global demand will aid the recovery of the country’s weak housing market and services sector. China’s economy saw a record trade surplus in More...
US President authorized airstrikes in northern Iraq
US President Obama announced authorization of limited airstrikes against Islamist militants in northern Iraq US President Obama announced on Thursday authorization of limited airstrikes against militants in northern More...
The ECB keep rates unchanged and promise policy accommodation for an extended period
ECB’s Mario Draghi cites uneven economic recovery and heightened downside risks for euro zone economies keeping interest rates at record low As widely expected, the European Central Bank kept its main interest More...
US President to sign new spending bill on Thursday for Veterans Affairs
US President Obama is expected to sign a $16.3 billion spending bill on Thursday to help compensate for the delays in Veteran Affairs agency facilities providing health care for veterans. US President Obama is More...
Gold downtrend bound to continue
Gold is expected to slide further south this quarter; the firming US dollar and the strengthening negative correlation between gold and the USD will exert downside pressure to the precious metal. Gold touched a More...
Bank of England holds rates steady at a record low
Bank of England kept interest rates at a record low which gave more time for recovery to the British economy. Bank of England kept interest rates at a record low on Thursday. That is positive for Britain’s economy, More...
Euro calm awaiting the ECB meeting; Aussie hammered by a surge in unemployment rate
The EUR/USD traders are holding their breath ahead of the ECB meeting today; the Aussie slides on soft labor market figure. The euro remained calm some 50 pips above its nine-month trough ahead of the ECB policy More...
Russia’s invasion of Ukraine increasingly likely
The risk of Russia’s invading Ukraine is increasing. On the other front Moscow is responding to EU and US sanctions with restrictions on Western imports. There has been a heightened risk of Russia’s invading More...
Samsung and Apple end patent litigation outside US
Samsung and Apple have announced agreement on suspending patent litigation outside the US, but within the US the battle is going on, with potential of massive damages. Samsung and Apple have announced in almost More...
