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LUXEMBOURG/ATHENS (Reuters) - The IMF dashed any hope on Thursday that Greece could avert default if it fails to repay a 1.6 billion loan by the end of June, piling pressure on leftist Prime Minister Alexis Tsipras, who showed no sign of yielding to creditors' demands...
Euro/Pound has seen massive buying around 714 price level, seen by the green signals and very high (red) volumes that accompanied them. The trendline is coming from 10th June, and has been recently broken. The prices also went below the 61...
Remarks from Federal Reserve Chair Janet Yellen helped to weaken the U.S. dollar, as investors digested her dovish tone. Gold was thus pushed to multi-week highs overnight...
"Market participants seemed to focus on the shift lower in the Fed’s projection for the Fed funds rate, with the average “dot” for end 2015 falling to 57bp from 77bp...
The New Zealand economy grew very slightly in the first quarter in the last two years, so the more strengthen the possibility for the Central Bank of New Zealand (RBNZ) toreturn to slashing benchmark interest rate (OCR) at least next month...
The dollar dipped after the FOMC statement as investors viewed the Fed statement and remarks by Chairwoman Janet Yellen with a dovish cast. The central bank also lowered its interest-rate projections for the coming years...
USD remains the strongest currency in the longer term. The recent Core CPI and NFP readings have reaffirmed USD strength amid speculation of a rate hike by September...
Silver market is showing several multi-year extremes. That indicates that a big move is underway. Since its peak in 2011, silver lost approximately 70% of its value. Since last November, silver has formed a support area on its chart right below $16.00 per oz...
Kitco News host interviews Philip Newman, director of Metals Focus, for his forecast for gold and silver, which appears to be positive...
On Thursday the Swiss franc rose even higher reaching fresh one-month highs against the dollar after the Swiss National Bank left its deposit rate unchanged at a record low. The regulator said, however, that it is ready to take further action to weaken the franc...
At least 8 perpetrators are on board the hijacked MT Orkim Harmony which was detected in Cambodian waters on Thursday and they are armed with pistols and 'parangs', said Malaysian navy chief Admiral Tan Sri Abdul Aziz Jaafar. "At least 8 perpetrators are onboard...
Syria overtook Afghanistan to become the world's biggest source of refugees last year, while the number of people forced from their homes by conflicts worldwide rose to a record 59.5 million, the United Nations' refugee agency said Thursday...
Chinese stocks head for the biggest weekly loss in six years as IPOs drain cash from the market this week and as investors are wary that the market is in a bubble...
The dollar dropped to one-month lows against a basket of other major currencies on Thursday, as the Federal Reserve's latest policy statement weighed broadly on demand for the greenback and as investors eyed upcoming U.S. inflation and jobless claims data...
This should be able to work provided that the chief officers of the center espouse the right backgrounds and include experience from both public and private sectors and academia, where appropriate...
Why Is This Event Important: Signs of stronger price growth may keep the Fed on course to raise the benchmark interest rate later this year, but a continuation of the disinflationary environment may encourage the central bank to retain the zero-interest rate policy (ZIRP) beyond 2015 in an effort...
The new government, which is barely getting into its stride, very early established acceleration of the infrastructure requirement for the nation as a top priority, recognizing that tackling the fundamental issues of poverty and unemployment, the perennial bugbear of a developing country, greatly...
Bullish Triangle The first scenario to unpack is that the EURUSD is placing the finishing touches on a triangle masterpiece. This means the triangle is the ‘B’ wave of an A-B-C upward movement. If this is correct, then a ‘C’ wave would be a breakout to higher levels that begins from nearby levels...
On Thursday the pound sterling reached seven-month peak against the greenback when data showed that U.K. retail sales rose last month. The dollar was weaker after the FOMC statement...
