What a week it has been for commodity traders! Silver, in particular, continued to move at the fastest pace in 30 years. In the process, it has been getting a lot of attention. For example, on Wednesday, silver was the theme of the day on CNBC , with crowds of experts of varied pedigree trying to explain what was happening. While individually they sounded like they new what they were talking about, collectively it was simply confusing, especially to casual trader, the type that is most likely to watch the channel, perhaps looking for some pointers. CNBC would serve its audience better if they had, say, one guest on a subject in a single day. Right or wrong, the comments would be much clearer…read more...
In the week ended April the 30th, US initial jobless claims extended their uptrend, rising to the highest level since August last year. Initial claims rose by 43 000 to a to-tal level of 474 000, while the consensus was looking for a drop to 410 000. The less volatile four-week moving average increased significantly too, from 409 000 to 431 250. The labour department added that the claims were boosted by New York’s Spring Break, which was out of the seasonal adjustment and also by autoread more...
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.read more...
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Japan closely watching forex after yen regains steam
TOKYO (Reuters) – Japan warned on Friday it was closely watching currency markets but stopped short of using stronger language threatening action, a sign the yen's rise to a seven-week high has not alarmed …
Japan pays close attention to forex market: finance minister
Japan Fin Min Noda: Will Closely Monitor Forex Markets
Japan MOF's Noda: To Closely Watch Forex, Commodity Markets
LONDON, May 6 (Reuters) – The euro jumped on Friday afterECB policymaker Ewald Nowotny said that markets hadoverinterpreted the central bank's stance on interest rates theprevious day. The single currency …read more...
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MADRID (MarketWatch) — European stocks opened flat to lower as Asia markets fell and Wall Street closed sharply lower in the prior session. Resource stocks were in focus after sharp falls in commodity prices. Mining stocks were off in London, with Fresnillo PLC down 1.3%. Shares of Royal Bank of Scotland PLC rose 2.6%, while BASF AG rose 1.3%, while Deutsche Telecom AG fell 2.2% after results. The Stoxx Europe 600 index was flat at 277.65, the German DAX 30 index rose 0.1% to 7,383.12 and the France CAC 40 index was flat at 4,005.26. The FTSE 100 index fell 0.1% to 5,909.93.read more...
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The monthly non-farm payrolls report is usually one of the most market moving pieces of economic data on the global calendar but it is also notoriously difficult to predict. For the past several months the NFP data has trended above the 200K level indicating that demand for labor is finally beginning to accelerate above the 150K replacement rate as US economy continues to recover. However, the recent slowdown in key US economic statistics has the capital market worried that expansion may have stalled and demand for labor in April may have cooled. Consensus calls have now been pared back to 185K new jobs, dipping below the key 200K barrier.
Forex Video – Support and Resistance 06-May-2011
ForexTV is the world's first streaming forex video portal dedicated to providing information about the global forex trading marketplace. Through innovative technology and strategic partnerships, we endeavor to provide an unparalleled experience to our …
The Ceska Narodni Banka (CNB) kept the two-week repurchase rate unchanged at 0.75% as inflation remained below target. The Czech Republic reported annual inflation of 1.7% in March this year, up from 1.8% in February, and above the Bank's official inflation target of 2%. The Bank also maintained the the discount rate unchanged at 0.25% and the Lombard rate at 1.75%.
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