The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, fell as much as 0.4 percent on speculation European officials will agree to help Greece tackle its budget gap. Gold typically moves inversely to the U.S. currency, which climbed for a third week last week as concern over the Greek deficit weighed on the [...]
Pound’s retreat from 1.5740 session high has extended below 1.5660 session low, and the pair has given away about 120 pips during the day so far, reaching a fresh low at 1.5620. On the downside, further retreat might find support at 1.5560 (Feb 9, 10, 11 lows) and below here, 1.5535 (Feb 8 low) and [...]
Stocks rose and the yield premium on Greek government debt shrank to the lowest level in a month as inflation concern waned in China and European leaders met to discuss aid for Greece. Copper climbed. The MSCI World Index of 23 developed nations’ stocks rose 0.5 percent at 10:32 a.m. in London, its third day [...]
KARACHI: Investors lack of interest in taking positions and opting for profit taking at Karachi Stock Exchange (KSE) eroded 46 points from the benchmark KSE-100 Index which closed at 9,740 on Wednesday. The market turnover stood at 154.6 million shares. The KSE-30 Index slid 55 points to finish the day at 10,134.
After a slight pullback from Yesterday’s high at 1.3840, which was supported at 1.3700/05, the Euro is trying to resume its recovery from Friday’s low at 1.3585, and testing 1.3800 area at the moment of writing. In case of success, above 1.3800/05, next resistance level lies at 1.3840 (Feb 9 high), and above here, 1.3860/65 [...]
