Stock markets fluctuated all around world

The U.S. economy had little to reveal this week, where a lack of fundamentals throughout the week led investors to focus on global issues including Greece’s debt problems, and accordingly pessimism over the outlook for global growth dominated investors, and accordingly equity indexes fluctuated heavily...

Gold finished week higher

FXstreet.com (Córdoba) – The yellow metal ended Friday hovering around $1,090; near the same opening price. For the week, the ounce gained more than $20 and finished with gains after falling in the previous...

Commodities currencies end week on a strong note

FXstreet.com (Córdoba) – Currencies link to commodities managed to finish the week with important gains despite ending Friday slightly lower. AUD/USD rose on a weekly basis after falling in the...

EU to support Greece, if needed

At today’s EU Heads of State summit, the European Union agreed unanimously to the principle of supporting Greece, but no concrete aid steps were announced. Additional details could be unveiled at the Ecofin meeting on Tuesday, February 16. Statements after the summit suggest that there’s no ex-ante...

US FX FUTURES REPORT

The foreign currency futures collapsed across the board overnight, with the euro and Swiss in the lead. The rout was triggered by disappointing Eurozone economic data, ongoing pressure from Greece and by PBOC's decision to raise bank reserves by 50 basis points to 16.5% from 16%.The German, Italy,...