Oil prices hit a 15-month point on Thursday on indications that demand for the black gold was growing in the U.S, coupled with the ongoing tumult in Egypt, spurring fears about possible interruptions in oil supply…
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Daily Market Review - March 24th 2013
Cyprus – and possibly the single currency – is approaching a watershed moment. The eurozone has been
putting out fires all over southern Europe for the past 40 months. The rescue packages have passed
and economies including Spain, Italy and Greece have been kept alive…
Daily Market Review - March 21st 2013
The euro dropped against most major currencies on Thursday following lackluster data from Germany and the ongoing banking crisis in Cyprus. The better-than-expected investor confidence witnessed yesterday turned sour on Thursday after chances for a rescue package between IMF, ECB and Cyprus looked unlikely…
Read More Daily Market Review, Euro, Eurozone, Financial Daily Review, Financial News, Oil, USDDaily Market Review - March 20th 2013
Euro bounced back on Wednesday as investors around the world regained confidence that Cyprus will be able to hammer out a deal with IMF and the eurozone countries. The euro was up 0.5 per at $1.2955, bouncing back from yesterday’s $1.2843. The single currency remains vulnerable as Cypriot parliament rejected the planned tax levy on depositors, leaving the financial world anticipating the final result of the ongoing debacle…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Oil, USDDaily Market Review - March 18th 2013
The recent bailout deal struck between the International Monetary Fund and the eurozone finance ministers has raised eyebrows all over the financial world. One of the terms of the strictly worded agreement forces Cypriot taxpayers to pay for the bailout directly from their savings accounts…
Read More Daily Market Review, Euro, Financial Daily Review, Financial News, Oil, Oil Pricing, USD- 1
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