Crude Oil Breaks 50 Dollar Mark On Surprise US Stockpile Growth

Crude Oil Breaks 50 Dollar Mark On Surprise US Stockpile Growth

WTI oil crashed below $50 after a weekly governmental report showed crude inventories rose versus an expected drop. Copper demand on LME reached the lowest level in two years.

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Oil sees moderate strength, global glut weighs

FXStreet (Mumbai) – Oil prices at both the sides of the Atlantic trade with moderate gains even though the USD index recovered losses after the upbeat weekly US jobs data. Concerns of oversupplyDespite the resilience, the gains are being capped by global glut worries. The WTI crude futures in the USSee Original Article

Gold closed with gains below $1,100

FXStreet (Edinburgh) – The troy ounce of the precious metal has snapped a 10-session negative streak on Thursday, closing in levels below the $1,100 handle.Gold remains weakDespite today’s positive performance, the demand for the safe haven metal remains subdued, as the likeliness of a rate hike bSee Original Article

FOREX-Yen holds losses vs dollar, euro after IMF warning

NEW YORK, July 23 The yen held losses against the dollar and euro early Thursday after the International Monetary Fund warned Japan must avoid
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FOREX-Yen holds losses vs dollar, euro after IMF warning – Yahoo Finance UK

FOREX-Yen holds losses vs dollar, euro after IMF warning – Yahoo Finance UK

NEW YORK, July 23 (Reuters) – The yen held losses against the dollar and euro early Thursday after the International Monetary Fund warned Japan
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Forex – EUR/USD, USD/JPY Flows: Big drop in claims gives USD sellers pause for thought

A bigger than expected drop for initial claims has reined in USD losses that may have been on the edge of inspiring a push to some bigger levels.
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S.Africa's cbank says inflation outlook assumes oil price rise

PRETORIA, July 23 – For highlights of South African Reserve Bank Governor Lesetja Kganyago’s news conference after the central bank’s policy meeting, please double-click on (Reporting by Ed Stoddard…

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Kenyan forex market, bourse cut Friday trading hours as Obama visits | News by Country | Reuters

NAIROBI, July 23 (Reuters) – Trading hours on Kenya's stock and foreign exchange markets will be shortened on Friday due to President Barack
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CANADA FX DEBT-C$ firms but stays close to 2009 low

CANADA FX DEBT-C$ firms but stays close to 2009 low

* Canadian dollar at C$1.3021 or 76.80 U.S. cents * Bond prices mixed across the maturity curve By Solarina Ho TORONTO, July 23 (Reuters) – The Canadian dollar was firmer against its U.S. counterpart…

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FOREX-Euro jumps, kiwi rallies after central bank move

… * Euro rises back above $1.10. * Kiwi surges after RBNZ interest rate cut, statement. * Sterling hit by poor retail sales. * Signs of volatility in
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Thursday's Major Forex Pairs Analysis: EUR/USD, GBP/USD, USD/JPY

The euro rose near one-week highs against the U.S. dollar on Wednesday, as demand for the single currency remained supported as Greek
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SARB remains ‘data-dependant’ – TDS

FXStreet (Edinburgh) – Strategist at TD Securities Paul Fage assessed today’s decision by the SARB to hike rates by 25 bp.Key Quotes“Today the SARB hiked its benchmark repo rate by 25bps to 6.0%. The consensus was fairly evenly split between those expecting no action and those expecting a 25 bpSee Original Article

RBNZ: Not as dovish as expected – ANZ

RBNZ: Not as dovish as expected – ANZ

FXStreet (Bali) – According to ANZ Research Team, while the RBNZ Statement contained a clear easing bias, it was perhaps not as dovish as some had expected. Key Quotes”As expected, the Reserve Bank of New Zealand (RBNZ) cut the OCR by 25bps to 3% this morning. While the Statement contained a clear eSee Original Article

Kenyan forex market, bourse cut Friday trading hours as Obama visits | Reuters

Kenyan forex market, bourse cut Friday trading hours as Obama visits. NAIROBI, July 23. NAIROBI, July 23 Trading hours on Kenya's stock and
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BoE looking trigger happy – UOB

FXStreet (Guatemala) – Analysts at UOB Group noted that the focus on Wednesday was on the release of the BoE MPC minutes, which showed the decision between hiking the base rate and leaving it unchanged at the current juncture was becoming more finely balanced for a number of members.Key Quotes:”ThisSee Original Article

Shares of forex broker FXCM hammered

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