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Investing.com - The pound edged lower against the U.S. dollar on Friday, as investors focused on the release of fresh U.S. economic reports later in the day, after a string of disappointing data on Thursday dented optimism over the strength of the nation's recovery.GBP/USD hit 1.5405 during European morning trade, the session low; the pair subsequently consolidated at 1.5390, edging down 0.11%.Cable was likely to find support at 1.5332, the low of February 23 and resistance at 1.5552, Thursday's…
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Forex - Euro weaker as talks with Greece on bailout terms
Investing.com - The euro held weaker on Tuesday as talks between Greece and euro zone finance ministers reached an impasse, setting the stage for the current bailout agreement to lapse at the end of the month.
EUR/USD traded at 1.1349, down 0.04%. AUD/USD traded at 0.7766, down 0.08%, ahead of the release of the minutes of the Reserve Bank of Australia's most recent board meeting in which it cut the cash rate to a record low 2.5%.
USD/JPY tr…
EUR/USD traded at 1.1349, down 0.04%. AUD/USD traded at 0.7766, down 0.08%, ahead of the release of the minutes of the Reserve Bank of Australia's most recent board meeting in which it cut the cash rate to a record low 2.5%.
USD/JPY tr…
Oil tops $60 for first time in 2015, industry spending
LONDON (Reuters) - Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply.Also supporting oil, growth in Germany's gross domestic product beat expectations, as did plans for a meeting between Greek officials and creditors. Euro zone GDP data is due later on Friday.The price of Brent crude collapsed from $115 in June to $45.19, the lowest in almost six years…
Forex - Yen weaker in Asia with Tokyo shut, China data
The Australian dollar was flat and the yen marginally weaker in early Asia on Wednesday with Tokyo shut and China data ahead.
AUD/USD changed hands at 0.7770, flat, while USD/JPY traded at 119.47, up 0.03%. EUR/USD traded at 1.1316, down 0.04%.
Japanese markets are closed for a public holiday. Elsewhere, another series of Chinese data releases are expected to generate interest today.
China's January new loans, money supply and total social financing data are due, but there is no fixed time.
New …
AUD/USD changed hands at 0.7770, flat, while USD/JPY traded at 119.47, up 0.03%. EUR/USD traded at 1.1316, down 0.04%.
Japanese markets are closed for a public holiday. Elsewhere, another series of Chinese data releases are expected to generate interest today.
China's January new loans, money supply and total social financing data are due, but there is no fixed time.
New …
Merkel defends Ukraine arms stance in face of U.S
MUNICH (Reuters) - Germany's Angela Merkel said on Saturday that sending arms to help Ukraine fight pro-Russian separatists would not solve the crisis there, drawing sharp rebukes from U.S. politicians who accused Berlin of turning its back on an ally in distress.The heated exchanges at a security conference in Munich pointed to cracks in the transatlantic consensus on how to confront Russian President Vladimir Putin over a deepening conflict in eastern Ukraine that has killed more than 5,000.U…
Wall St. ends down on interest rate, Greece jitters
NEW YORK (Reuters) - Wall Street stocks fell on Friday as a better-than-expected U.S. jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece's debt negotiations added to the bearish tone.The S&P 500 index of utilities , often used as a bond proxy by investors in a low-rate environment, fell 4.1 percent, its biggest daily drop since August 2011, as U.S. government debt yields jumped.In another sign of concern about inter
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