Tuesday saw the common currency of the European Union slide against most of its rivals after having spiked higher following the release of favorable economic data from the bloc's largest economy, Reuters reports. The losses were linked with preoccupations about elections scheduled for Sunday and Monday in Italy, host of the euro zone's third-largest economy.… Read more.
Stronger industrial production from the euro zone late last year helped drive up the value of the shared currency of the European Union on Wednesday, Bloomberg reports. Marking the third-straight trading session of gains against the U.S. dollar, the euro benefited from industrial output in December that was stronger than production during the month prior.… Read more.
Uplifting sentiment about economic prospects helped the common currency of the European Union climb on Thursday to its 14-month high against the U.S. dollar as the European Central Bank convenes its monthly policy meeting, Bloomberg reports. Following political scandal in Italy and Spain, two of the 17-nation bloc’s larger economies, concerns are overt regarding the… Read more.
Gold futures rose slightly on Wednesday after having kicked off the trading session with a downward dive, according to Reuters. Increased concerns about the economy of the euro zone were pinching stocks and policy makers were set to convene a policy meeting this week, which also is likely to impact the price of the yellowish… Read more.
Caution ahead of the central bank of Europe meeting on Thursday tugged down the value of the Canadian dollar on Wednesday, according to Reuters. The government of the northern nation was preparing to release employment data from the month of January, which is likely to impact the performance of the currency as well. But high… Read more.
Wednesday saw the shared currency of the European Union slide toward its lowest value in seven days against the U.S. dollar as European Central Bank policy makers prepared to convene for Thursday meetings in the face of regional scandal, Bloomberg reports. As policy makers prepare to meet, anticipation is mounting for Italian elections scheduled for… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on February 04, 2013. In this issue: MACRO Markets: Cash continues to leave the sidelines and get in the game. CORN: Drought conditions in WCB getting better with recent rains. We continue to hold bear spread new crop CZ/CU from… Read more.
Cautious investors eyeing political tumult in the euro zone prompted copper futures to lose value on Tuesday, according to Reuters. Italy and Spain, the third- and fourth-largest economies of the 17-nation bloc, are reeling from political scandals. But losses to the reddish metal were tempered by increased confidence for the health of the global economy… Read more.
Stronger-than-anticipated manufacturing data benefited the shared currency of the European Union as the monetary unit recovered moderately from sharp losses one day prior, Reuters reports. Following the Monday trading session when the euro suffered from political tumult in Italy and Spain, respectively the 17-nation bloc’s third- and fourth-largest economies, the German purchasing managers’ index report released… Read more.
Political scandal helped drive the Canadian loonie higher against the common currency of the European Union on Monday as the third- and fourth-largest economies in the 17-bloc region contend with challenging developments, Bloomberg reports. Mariano Rajoy, prime minister of Spain, is under fire after a national report indicated he and members of his party accepted… Read more.