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U.A.E. Sees OPEC Output Unchanged Even If Oil Price Falls to $40 - Foorex trading news by ForexSQ.com

OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said.

OPEC won’t immediately change its Nov. 27 decision to keep the group’s collective output target unchanged at 30 million barrels a day, Suhail Al-Mazrouei said. Venezuela supports an OPEC meeting given the price slide, though the country hasn’t officially requested one, an official a....Read more :


http://www.forexsq.com/Commodities/u-a-e-sees-opec-output-unchanged-even-if-oil-price-falls-to-40/

 

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High school student scores $72M playing the stock market, he is only 17 - Forex Trading News By ForexSQ.com

He’s the teen wolf of Wall Street.

A kid from Queens has made tens of millions of dollars — by trading stocks on his lunch breaks at Stuyvesant High School, New York magazine reports in its Monday issue.

Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth.

Islam bought himself a...Read more on:

http://forexsq.com/stocks/high-school-student-scores-72m-playing-the-stock-market/

 

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Ruble jumps on Russia rate hike, oil pressured - Forex Trading News By ForexSQ.com


Russia's economy is crashing and its currency appears to be in free fall.

The ruble forex currency plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.

A double-whammy of collapsing oil prices and Western sanctions is driving up inflation. Cash is flooding out of the country and the risk that some Russian companies may default is increasing... Read More:

http://forexsq.com/currencies/russia-heading-for-crash-as-ruble-plummets-forex-currency-news/

 

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Rouble strengthens as Finance Ministry starts selling Foreign Exchange - forex trading news by ForexSQ

The Russian rouble forex currency strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock.

The Russian currency has come under heavy selling pressure this week, forcing the central bank to hike its key interest rate by an unexpected 650 basis points, in an emergency move that did little to buttress the currency...at

http://forexsq.com/currencies/roubl...tarts-selling-foreign-exchange-currency-news/

 

[ForexSQ]

Franc falls as Swiss National Bank introduces negative interest rates - Forex Trading Online News by ForexSQ.com

The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.

European shares opened sharply higher after an upbeat assessment of the U.S. economy and a promise to be patient in raising rates by the Federal Reserve had seen U.S. stocks enjoy their strongest session of the year so ...Read More:

http://forexsq.com/central-banks/fr...onal-bank-introduces-negative-interest-rates/

 

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Yen Weakens Third Day as BOJ Maintains Easing - Forex Trading News by ForexSQ


The yen forex currency fell for a third day against the dollar as Japan’s two- and five-year yields dropped to records after the Bank of Japan maintained unprecedented stimulus.

Japan’s currency slid at least 0.3 percent versus all 16 major counterparts as a rally in Asian stocks sapped demand for safety. The Australian and New Zealand dollars strengthened after China revised up the size of its economy, the two nations’ largest trading partner


http://www.forexsq.com/currencies/yen-weakens-third-day-as-boj-maintains-easing-forex-trading-news/

 

[ForexSQ]

Forex Trader goes missing after $200m of clients’ cash disappears - Forex news by ForexSQ.com

A forex currency trader has vanished along with £130 million in investors’ cash in an alleged fraud that could be one of the biggest in recent British history.
Joe Lewis, 59, is being investigated by police over almost $200 million which he claimed was in clients’ accounts but now no longer exists. It is rumoured that professional footballers and golfers have lost money in.... Read More :

http://www.forexsq.com/currencies/forex-trader-goes-missing-after-200m-of-clients’-cash-disappears/

 

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Dollar Gains Fifth Day Versus Yen Before GDP as Aussie Weakens - forex trading news by ForexSQ.com

The dollar rose for a fifth day against the yen forex currency before U.S. reports that analysts said will show economic growth was revised higher and durable goods orders increased.

A gauge of the greenback touched a five-year high after Standard & Poor’s raised its forecast for U.S. gross domestic product in 2015, saying lower oil prices may boost consumer spending. Australia’s dollar weakened to a four-year low as a six-month slide in ...Read more:

http://forexsq.com/currencies/dollar-gains-fifth-day-versus-yen-before-gdp-as-aussie-weakens/

 

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Dollar 0.1% From Two-Year High Before Jobless Claims; Yen Gains - forex trading news By ForexSQ.com


The dollar was 0.1 percent from the strongest in two years versus the euro forex currency before U.S. data forecast to show jobless claims were near the lowest since October, giving the Federal Reserve more reason to raise interest rates.

The greenback has advanced at least 4 percent against all its 16 major counterparts this year and extended gains yesterday after a report showed the world’s biggest economy grew at the fastest pace in more than a decade. The yen ...

http://www.forexsq.com/currencies/dollar-0-1-from-two-year-high-before-jobless-claims-yen-gains/

 

[ForexSQ]

Yuan is heading for a 2.8 percent loss this year - Forex trading news by ForexSQ.com



UBS Group AG is flagging risks from China’s $1 trillion worth of unhedged foreign debt as forecasters see bets against the greenback unwinding in 2015.

The world’s second-largest economy is exposed to shifts in currency and interest rates as never before because of expanding international trade and easing foreign-exchange regulations, said Stephen Andrews, head of Asia banks research in Hong Kong at UBS. Daiwa Capital Markets has a $1 trillion estimate for carry-trade inflows since 2008, bets on the difference between yields in China and overseas. It sees a 5.7 percent drop in the yuan next ... Read More:


http://forexsq.com/currencies/chinas-currency-yuan-is-heading-for-a-2-8-percent-loss-this-year/

 

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Euro Near 2 Year Low as European Stocks Little Changed - forex trading news by ForexSQ.com

The euro forex currency traded near a two-year low and European stocks were little changed before a vote in Greece’s parliament that may lead to early elections. Asian shares rose along with crude oil, while the Russian ruble weakened.

The euro fx currency traded at $1.2183 as of 8:15 a.m. in London and the Stoxx Europe 600 Index rose less than 0.1 percent. The MSCI Asia Pacific Index rose 0.5 percent, led by gains in Chinese shares. Futures on the Standard & Poor’s 500 Index were little changed after the gauge ended last week at ...

http://www.forexsq.com/currencies/euro-near-2-year-low-as-european-stocks-little-changed/

 

[ForexSQ]

Euro Drops to 2010 Low, Draghi Says ECB Prepares Action as Deflation Risk Non-Negligible - Forex Tradding News By ForexSQ.com

European Central Bank President Mario Draghi said he can’t exclude the risk of deflation in the euro area, hinting that the likelihood of large-scale quantitative easing is increasing.

“The risk that we don’t fulfill our mandate of price stability is higher than it was six months ago,” Draghi said in an interview with German newspaper Handelsblatt. “We are in technical preparations to alter the size, speed and composition of our measures at the beginning of 2015, should this become necessary, to react to a too-long period of low inflation. There’s unanimity in the ECB council on



http://forexsq.com/central-banks/draghi-says-ecb-prepares-action-as-deflation-risk-non-negligible/

 

[ForexSQ]

Euro slides to 9-year low; Asia shares and oil wobble - forex trading news by ForexSQ.com

The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while soft manufacturing surveys pushed down shares and sent oil prices to 5 1/2-year lows.

European shares are expected to dip, with Britain's FTSE seen falling by up to 0.4 percent. Germany's DAX and France's CAC are both seen falling as ....

http://forexsq.com/currencies/euro-slides-to-9-year-low-asia-shares-and-oil-wobble/

 

[ForexSQ]

Euro slides to 9-year low; Asia shares and oil wobble - forex trading news by ForexSQ.com

The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while soft manufacturing surveys pushed down shares and sent oil prices to 5 1/2-year lows.

European shares are expected to dip, with Britain's FTSE seen falling by up to 0.4 percent. Germany's DAX and France's CAC are both seen falling as ....

http://forexsq.com/currencies/euro-slides-to-9-year-low-asia-shares-and-oil-wobble/

 

[ForexSQ]

Asian shares slump as oil gloom deepens, euro falters - Forex trading news by ForexSQ.com


Asian shares slumped on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of riskier assets and into the safety of government bonds, while the euro wallowed near nine-year lows.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.4 percent, giving up half of the gains made since it hit a 10-month low on ...


http://forexsq.com/stocks/asian-shares-slump-as-oil-gloom-deepens-euro-falters/

 

[ForexSQ]

Euro Falls as Consumer Price Drop Beats Estimates; ADP Increased - Forex Trading News By ForexSQ.com

The euro dropped for a fourth day against the dollar, the longest losing streak in two months, as consumer prices in the region fell more than economists predicted, strengthening the case for asset purchases by the European Central Bank.

http://forexsq.com/currencies/euro-falls-as-consumer-price-drop-beats-estimates-krone-slumps/

 

[ForexSQ]

Fed lifts global stocks, dollar; euro near 1999 starting point - Forex trading news by ForexSQ.com

The dollar hit a nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, encouraged by expectations for a U.S. rate increase and new stimulus this month from the European Central Bank.

http://forexsq.com/currencies/fed-lifts-global-stocks-dollar-euro-near-1999-starting-point/

 

[ForexSQ]

Jobs Day Guide: Focus on Wage Levels Along With U.S. Payrolls - Forex trading news by ForexSQ.com

Here’s what to look for when the Labor Department releases the U.S. payrolls report for December at 8:30 a.m. on Friday in Washington.

The Topline: Last year was a doozy for the American worker. The median forecast of 98 economists surveyed by Bloomberg calls for a 240,000 increase in December payrolls.


http://forexsq.com/economy/jobs-day-guide-focus-on-wage-levels-along-with-u-s-payrolls/

 

[ForexSQ]

Euro Slumps Amid ECB Bond-Purchase Speculation; Dollar Advances - Forex Trading News By ForexSQ.com

The euro declined toward a nine-year low on speculation reports this week will strengthen the argument for sovereign-bond purchases from the European Central Bank.


http://www.forexsq.com/currencies/euro-slumps-amid-ecb-bond-purchase-speculation-dollar-advances-1/

 

[ForexSQ]

Euro Approaches Nine-Year Low on Stimulus Outlook; Pound Drops - forex trading by ForexSQ.com

The euro approached a nine-year low against the dollar as European Central Bank officials fueled speculation the institution will start a program of government-bond buying as early as next week to stave off deflation.

The yen forex currency retreated from its strongest level in four weeks against the dollar amid ....


http://forexsq.com/story.php?title=euro-approaches-nine-year-low-on-stimulus-outlook-pound-drops