hsbc holdings

hsbc holdings

GDMFX EU Market Session Outlook (20 11 2014)

1mo ago
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Today the focus is on the US and EU CPI data. Check out more interesting highlights from today's Market Session Outlook: The yen dropped to a seven-year low against the dollar amid speculation Prime Minister Shinzo Abe will win elections and extend his economic-stimulus program. The pound was the day’s biggest gainer, strengthening after minutes from the Bank of England’s latest meeting showed policy makers beginning to raise concern that inflationary pressures may build. The Australian dollar dropped for a second day as HSBC Holdings and Markit Economics said their preliminary Purchasing Managers’ Index for China fell to 50 this month from 50.4 in October. Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. West Texas Intermediate traded below $75 a barrel as U.S. crude inventories increased and investors weighed the likelihood of OPEC reducing its production. Stay Tuned to GDMFX for more updates and news: • Like us on Facebook: https://www.facebook.com/GDMFXcom • Follow us on Twitter: https://twitter.com/gdmfx • Follow us on GooglePlus: https://google.com/+Gdmfxcom • Follow us on LinkedIn: https://www.linkedin.com/company/gdmfx