Dollar Sinks To Near 2-Year Low Against Euro

The dollar is losing ground against all of its major rivals Friday afternoon. The buck has been sinking against both the Euro and the Japanese Yen for the majority of the week and has now reached nearly a 2-year low against the Euro. Political concerns have contributed to the dollar’s slide this week, as well Read more about Dollar Sinks To Near 2-Year Low Against Euro[…]






Gold Jumps 2% This Week, At Monthly Peak

Gold futures continued to rise Friday, extending weekly gains as stocks languished. With risk aversion picking up, gold has jumped to highest in more than a month due to its safe haven appeal August gold climbed $9.40, or 0.8%, to settle at $1,254.90/oz, having picked up 2% this week. Silver has also rallied, fighting back Read more about Gold Jumps 2% This Week, At Monthly Peak[…]






Canadian Dollar Advances As CPI, Retail Sales Beat Forecasts

The Canadian dollar climbed against its major opponents in the European session on Friday, after better-than-expected domestic consumer price inflation for June and retail sales for May. Data from Statistics Canada showed that consumer price index was flat on a seasonally adjusted monthly basis, following a 0.2 percent slide in May. Economists were looking for Read more about Canadian Dollar Advances As CPI, Retail Sales Beat Forecasts[…]






Indonesia Likely To Hold Rates This Year Despite Weak Growth Momentum

Bank Indonesia is likely to keep its policy rate unchanged at least until the end of this year, as policymakers view the stance as neutral, amid weaker growth, economists at Capital Economics said. On Thursday, the central bank left its key interest rates unchanged at 4.75 percent for a ninth session in a row. “A Read more about Indonesia Likely To Hold Rates This Year Despite Weak Growth Momentum[…]






Fundamental Analysis of CAD/JPY for July 21, 2017

CAD/JPY is currently residing in a corrective volatile structure at the edge of breaking above the resistance level of 86.70. JPY has been quite weak against CAD which is currently came to a stop due to indecision in the market now. Yesterday JPY Policy Rate was published with an unchanged figure at -0.10% as per Read more about Fundamental Analysis of CAD/JPY for July 21, 2017[…]






VALE: Shares In Brazil Plummet Despite Record Iron Ore Production

Vale’s shares fell by more than 3% a few hours ahead of the Brazilian stock market closing and lead Ibovespa lower despite the miner’s report showing a record iron ore production in the second quarter of this year. Market analysts interviewed by CMA News Agency expected the company to release an increase in output for Read more about VALE: Shares In Brazil Plummet Despite Record Iron Ore Production[…]






VALE: Iron Ore Production In Q2 Hits New Record

Vale’s iron ore production increased 5.8% on year in the second quarter, reaching 91.849 million tons, a new record for the company. Progress in the S11D mining complex activities, in Vale’s Northern System, boosted the output. According to the Brazilian miner, the Northern System reached a record output of 41.5 million tons in the quarter, Read more about VALE: Iron Ore Production In Q2 Hits New Record[…]






COLOMBIA: Government Issues Regulations For Offshore Oil Exploration

Colombia’s Ministry of Energy and Mines published a technical regulation for drilling exploratory wells to determine the presence of oil and gas in shallow, deep or ultra-deep waters in Colombian territory. The Colombian government wants to search for and explore oil and gas offshore reserves to increase the countries inventories of those raw materials, the Read more about COLOMBIA: Government Issues Regulations For Offshore Oil Exploration[…]