Bank of England Announced interest rates to Remain on hold
Bank of England (BOE) left key interest rates at 0.5% along with no additional changes in its asset purchasing program of at £375 billion or $636 billion USD.
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Europe Interest Unchanged
European Central Bank (ECB) left key interest rate unchanged at a record low level
JinkoSolar Providing 100 MW Of Solar PV Modules For Two Projects In Chile
One of the biggest names in the whole of the solar PV industry, JinkoSolar, recently announced that it has signed on to supply the PV modules for two large projects in Chile. In total, about 100 MW worth of modules will be supplied for the two projects…
China Gold Bar Consumption Drops
Gold (GLD, quote) demand in China dropped off in the first quarter of 2014. Economist are citing the weakness in gift giving of gold bars.
EURUSD Forecast May 7, 2014, Technical Analysis
The EURUSD pair rose during the session on Tuesday, after the Germans printed better than anticipated numbers with the Services PMI announcement.
Alibaba files for IPO in US
China’s e-commerce giant Alibaba has filed initial public offering (IPO) document to the U.S. Securities and Exchange Commission (SEC) with plans to raise one billion U.S. dollars, according to SEC information and well-informed sources.
AUDUSD Forecast May 7, 2014, Technical Analysis
The AUDUSD pair took off to the upside during the session on Tuesday, breaking the top of the hammers and more importantly, breaking above the sideways grind that we have been stuck in for 2 weeks.
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Who Has the Power to Push Gold? Bears or Bulls?
The spot price of gold (GLD, quote) remain basically flat in the pre-market session as it continues to trade near its 2 ½ week high.
Brent Steady Despite US Inventory Expectations
Brent crude oil (BNO, quote) was steady near $108 on Tuesday despite expectations that US inventories reached a new record high last week.