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Metaquotes integrates MT5 with Integral’s FX Grid
Metaquotes continues its effort to plug Metatrader 5 platform into as many liquidity sources as possible. Latest were Currenex and CitiFX Pro. Connecting to Integral’s FX Grid will allow brokers with the right liquidity relationships to plug MT5 to liquidity pools they are able to access through FX Grid.
MetaQuotes Software Corp. announces integration of its MetaTrader 5 Trading Platform with FX Grid, a global inter-institutional connectivity and trading network developed by Integral Development Corp. Thus the brokers that use MetaTrader 5 get access to one more liquidity platform in the forex market.
The MetaTrader 5 connects to Integral through new gateway, which was developed by MetaQuotes Software Corp. The connection of the trading platform with the diverse sources of liquidity on ...
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Gold lower but recovers some ground; trade eyes $1,525/oz
(Reuters) - Gold managed to recover most of the ground it lost in a brutal sell-off earlier on Wednesday even as sentiment and the euro remained fragile as European leaders met to discuss the deepening euro-zone debt crisis.
Gold tested key support levels for a second time in a week as a wave of selling hit commodities, the euro and equities, before bouncing off those lows in New York afternoon trading.
Money had piled into bonds and the dollar, assets considered low risk, on Wednesday ahead of a meeting of European Union leaders later in the day. The leaders are expected to discuss growth-boosting measures and the idea of a joint euro zone bond.
Spot gold prices dropped as low as $1,534.25 an ounce, down over 2 percent, as the euro slumped to its weakest against the dollar in nearly ...
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EUR/USD Breaks 1.26 Level, Traders Running from Euro
The euro fell below the 1.26 level against the US dollar, reaching lowest level since July 2010. That level was considered to provide strong support to the shared 17-nation currency and, now that the support line is broken, traders are afraid that the currency would spiral down to even lower price.
The members of the European Union are meeting at summit today, but most analysts and traders are pessimistic about the outcome of the meeting. Germany still rejects the implementation of eurobonds even as other countries, including France, support the idea. Herman Van Rompuy, President of the European Council, claimed that the European financial crisis will be discussed at tonight’s meeting in Brussels only “at the very end”.
The Bundesbank stated that a Greek exit “would be significant but ...
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Natural gas futures end up for second day
(Reuters) - Natural gas futures ended higher on Wednesday for a second straight day, as tighter supply-demand fundamentals and forecasts for warm weather offset early selling on the milder outlook for late next week.
Gas prices, which rallied 9 percent last week, are nearly flat so far this week, with investors cautious about prices near 3-1/2 month highs ahead of a three-day weekend.
NYMEX floor trading will be closed on Monday for the U.S. Memorial Day holiday.
Since posting a 10-year low of $1.90 per million British thermal units in April, nearby futures are up nearly 44 percent amid signs that record production was finally slowing while demand was picking up as more electric utilities switch from coal to cheaper gas for power generation.
Technical traders had been expecting Monday' ...
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Global stocks, euro fall on Greece exit worries
(Reuters) - World stocks skidded and the euro fell to a 21-month low on Wednesday on worries about Greece's possible exit from the euro zone, which threatened to deepen the region's debt crisis and hurt an already fragile global recovery.
Nervous investors piled into low-risk U.S. and German government debt, sending their yields lower. The dollar also was favored as a safe haven by investors.
Each euro zone country will have to prepare a contingency plan for the possibility of Greece's leaving the bloc, three euro zone sources told Reuters, citing an agreement reached by officials.
A scramble for low-risk investments enabled Germany to pay no interest on 5 billion euros in new two-year debt amid the absence of new measures to tackle the region's debt crisis from a European leaders' ...
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Oil drops on Iran talks, brimming U.S. supply
(Reuters) - Oil futures fell more than 2 percent on Wednesday to five-month lows, as a potential nuclear deal between Iran and the West eased supply concerns and worries about Greece's future in the euro zone raised questions about demand.
Further pressure came from U.S. government data that showed weak demand and the ninth straight weekly build in domestic crude inventories, extending the stockpile buffer as the world's largest consumer gears up for the start of the summer driving season.
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Euro Slips Before EU Summit; Oil Dips Below $90
Sentiment is still locked with pessimism on Wednesday as the euro fell to its weakest level against the dollar sine almost four years with mounting speculation the EU summit will struggle to shore up debt-laden Greece amid increasing odds the country will leave the shared currency.
Worries about the outcome of the EU summit and the disorderly Greek exit from the euro zone continue to weigh on risk assets. Equities slumped heavily and the euro, but those worries pushed the dollar index to a 20-month high, as traders sought the safest assets amid worsening financial crisis.
With risk offset, the Japanese yen and the dollar remain at the top of the list. The USDIX, which tracks the performance of the greenback against a basket of major currencies including the euro, the pound and the ...
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Greek Debt Crisis: Answers to Frequently Asked Questions
Highlights
- An acceleration in deposit withdrawals, combined with the prospect of an anti-austerity party winning the next election, has brought to the fore concerns about a potential Greek exit from the euro zone.
- Our base case assumption is that under the most likely scenario, the Greek election will lead to a government that sticks to an EU/IMF program, even if the terms are renegotiated.
- However, we do believe that Greece needs a further restructuring of its debt and we do think the country will ultimately exit the euro - we're just not convinced that Europe is ready for this to happen at the moment.
- If an accident does occur and Greece does leave the euro in the near term, it would have global financial ramifications that could range from severe to catastrophic. ...
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Gold sinks over 2 percent; close to technical support
(Reuters) - Gold fell more than 2 percent on Wednesday as a wave of selling triggered by better-than-expected home sales and heightened by despair surrounding the euro zone sent prices toward key technical support levels and wiped out year-to-date gains.
Spot prices dropped as low as $1,534.25 an ounce, down 2.15 percent, by 12:08 p.m. EDT (1608 GMT), flirting with a bear market with a drop of 20 percent from September record highs.
Market players are watching whether gold can hold key technical support at $1,525 an ounce.
The sell-off took bullion back to December lows hit in last week's rampant selling and reignited concerns that a recovery in recent days was a "dead-cat bounce", slang used to describe a small, temporary rally that follows a significant decline.
U.S. gold futures for ...
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