ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Wider Trade GapTitle:
Oil dips to $111, focus on EU and Iran
(Reuters) - Oil prices dipped to near $111 a barrel on Monday as fears over an immediate cessation of Iranian crude exports to Europe eased, and markets awaited a deal on Greek debt.
Brent crude futures were down 35 cents to $111.11 a barrel by 1455 GMT (9:55 a.m. ET) and U.S. crude was down 83 cents at $98.73 a barrel. Both contracts gained more than 1 percent last week.
"Brent has been more resilient because of what is happening in the Middle East," said Michael Hewson, an analyst at CMC ...
Title:
Oil flat near $111.40, EU and Iran eyed
(Reuters) - Oil prices traded sideways at around $111.40 a barrel on Monday as uncertainty around Iranian crude exports to Europe continued to provide support and markets awaited a deal on Greek debt.
Brent crude futures were down 4 cents to $111.42 a barrel by 1241 GMT and U.S. crude was down 46 cents at $99.09 a barrel. Both contracts gained more than 1 percent last week.
"Brent has been more resilient because of what is happening in the Middle East," said Michael Hewson, an analyst at CMC ...
Title:
Gold touches six-week highs as euro recovers
(Reuters) - Gold hit six-week highs on Monday as the euro recovered against the dollar and other commodities climbed, with confidence in the precious metal rising after it recorded three straight weeks of gains for the first time since November.
Gold prices have risen by some 7.0 percent since the end of December, but analysts warned the metal could lose traction if more bad news on the euro zone knocks the euro lower versus the dollar.
Spot gold was up 1.1 percent at $1,675.99 an ounce at ...
Title:
Euro vulnerable on Greek setback; EU meeting eyed
(Reuters) - The euro dipped against the dollar on Monday, wobbling after a short-covering rally last week and was vulnerable due to uncertainty over crucial talks on a Greek debt swap deal to avert a messy default.
The euro dipped 0.1 percent on the day to $1.2925, remaining below a high around $1.2986 hit on Friday when it was helped by investors taking profit on hefty short euro positions.
Private creditors said on Sunday they had come to the limits of what losses they could concede, putting ...
Title:
Euro wobbles on Greek setback; EU meeting eyed
(Reuters) - The euro wobbled in Asia on Monday after Athens and its private creditors failed to agree on a debt swap deal that is vital to avert a chaotic default for Greece.
Private creditors said on Sunday they had come to the limits of what losses they could concede in a Greek debt swap, putting the ball in the court of the European Union and the IMF.
As a result, the euro fell 0.3 percent to $1.2895, moving away from $1.2930 late in New York on Friday. It fell as low as $1.2854 in thin ...
Title:
Brent supported as Iran warns Gulf exporters
(Reuters) - Brent crude rose above $111 on Monday on worries over supply disruptions after Iran warned Gulf Arab neighbors of consequences if they raised oil output to replace Iranian barrels facing international sanctions.
Euro zone worries, however, capped gains.
The latest threat comes as leaders of top Asian buyers of Iranian oil -- China, Japan and South Korea -- tour alternative Middle East suppliers while the United States pressures nations to stop importing oil from the Islamic ...
Title:
Consumer sentiment perks up while trade gap widens
(Reuters) - Consumer sentiment picked up more steam in early January, rising to the highest in eight months as Americans grew more optimistic about job prospects, a survey released on Friday showed.
Separate data earlier in the day showed the trade deficit widened in November to its largest in five months, suggesting imports weighed on economic growth a bit more than expected during the fourth quarter.
The Thomson Reuters/University of Michigan preliminary January reading on its overall index ...
Title:
November trade gap widens, biggest since June
(Reuters) - The trade deficit widened in November to its largest in five months, suggesting imports weighed on economic growth a bit more than expected during the fourth quarter.
The trade gap totaled $47.8 billion, exceeding analysts' forecast of a $45.0 billion deficit, Commerce Department data showed on Friday.
The government revised its initial estimate for October's trade deficit slightly lower to $43.3 billion.
The trade report "is important for fourth-quarter GDP and this data should ...
Title:
Profit taking weigh down on Asia ahead of the year-end
Amid thin volumes, cautious, profit taking and concerns over growth weigh down on markets, yet losses were limited due to the positive U.S. economic data.
Europe the US and Asia lack the economic data today, however yesterday the consumer confidence rose to 64.5 during Dec. in the US from 56.0 previous yet home prices fell more than expected in Oct.
The MSCI Asia Pacific Index fell 0.7% at 16:01 in Tokyo as Italy is scheduled today to sell 9 billion euros of 179-day bills and 2.5 billion ...
|
||||||
