IMF Downgrades US Forecast to 2.2% in 2016
The International Monetary Fund downgraded its forecast for the U.S. economy this year and said Amer...
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Gold Under Pressure After Brexit Outcome
Gold’s sharp gains on uncertainty over Britain’s European Union membership are likely to...
Oil Freeze Talks Still Discussed Says Russian Energy Minister
Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom o...
Saudi Energy Minister Could Return to Role Balancing Role After Recovery of Oil Prices
Saudi Arabia, the world’s largest oil exporter, may return to its role of balancing oil supply...
Brexit Only One Factor Facing Oil Prices
Regardless of whether Britain votes to leave the EU on Thursday, oil investors are likely to stay fo...
SocGen Economist Counters George Soros on Brexit
One of the City’s leading economists has countered George Soros’s prediction that a Brexit vote ...
US Fed Chair Hopeful of Economic Recovery
Fed Chair Janet Yellen believes the recent weakness in job creation is “transitory” and ...
UK Banks on Alert Awaiting Brexit Outcome
Major banks are preparing for two days of unprecedented uncertainty by stuffing cash machines full o...
Gold Under Pressure as Markets Counting on UK Remaining in EU
Gold remains under pressure on Wednesday, as the metal lost ground before recovering. On Tuesday, go...
US Crude Edges Lower, Brexit Vote Looms
WTI crude has posted small losses on Wednesday, trading at $49.55 in the North American session. Bre...
USD/JPY – Yen Inches Lower, Markets Eye Yellen Testimony
The Japanese yen has posted small losses on Wednesday, reversing the upward movement which marked th...
Yellen Expected to Be Pushed to Defend Fed’s Strategies
Expect lawmakers to turn up the heat when Federal Reserve Chairwoman Janet Yellen returns to Capitol...
Canada: Retail Sales April 2016
Following a 0.8% decline in March, retail sales rose 0.9% to $44.3 billion in April. Sales were up i...
NZD/USD – Kiwi at 12-month High After Lukewarm Yellen Speech
The New Zealand dollar has posted slight gains on Wednesday, continuing the upward trend we’ve...
AUD/USD – Aussie Rises to 0.75, Yellen Cautious About US Economy
The Australian dollar has posted gains on Wednesday, following limited movement in the Tuesday sessi...
EUR/USD – Euro Edges Higher as Brexit Vote Looms
EUR/USD has posted slight gains on Wednesday, following two days of losses. The pair is trading at 1...
Gold Rush to End Whether or Not UK Votes to Exit
Gold’s sharp gains on uncertainty over Britain’s European Union membership are likely to...
Oil Rises Further Above $50 on API Report
Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in U.S...
Beyond Brexit, Eurozone Bonds in Demand
Investors hoovered up euro zone bonds on Wednesday, daring to look beyond Britain’s EU vote to...
Stocks, Sterling Edge Higher
Stocks and sterling rose while traditional safe-haven assets gold and bonds slipped on Wednesday, as...