Posts Tagged ‘economic’

UK Inflation Slows, Consumer Prices Increase; Pound Trades Down

by Christopher Lemieuxon September 17, 2013 9:08 am GMT
Consumer prices increased 2.7 percent in the United Kingdom YoY and met median forecasts. The inflation rate slowed in August as item prices for autumn clothing and transport costs rise. The core inflation maintained two percent. The Bank of England vowed to keep interest rates low until employment strengthens and drops near seven percent but […]

Dollar holds upper hand after stellar U.S. jobs growth

by Forex Rooton March 11, 2013 5:25 am GMT
The dollar hovered near a 3-1/2-year high against the yen and held an upper hand against other major currencies on Monday after remarkable growth in U.S. employment added to optimism over recovery in the world’s largest economy. U.S. employers added a more-than-expected 236,000 workers to their payrolls in February while the jobless rate fell to […]

Gold forecasters splitting on peak for bull market

by Forex Rooton January 15, 2013 6:01 am GMT
Danske Bank A/S and Credit Suisse Group AG, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit SpA, sees no end in sight to the 12-year bull market. Gold will average $1,720 an ounce this year and $1,600 in 2014, said Christin Tuxen of Danske Bank in Copenhagen, […]

Oil heads for fifth weekly gain on Saudi production cut

by Forex Rooton January 11, 2013 9:31 am GMT
Oil headed for its fifth weekly advance in New York, the longest run of gains since August, as Saudi Arabia cut production and investors speculated a global economic recovery will boost fuel demand. Futures were little changed near their highest level in almost four months. Saudi Arabia, the world’s largest crude exporter, cut output in […]