Forex, Daily-Intraday ArgusFX – Markets Headlines, Fundamental Analysis, Wednesday, January 14, 2015 World Bank Cuts Global Growth Outlook - News – The United Arab Emirates, a member of the Organization of Petroleum Exporting Countries, will continue to expand output capacity, while shale drillers will be the first to curb production as prices fall, according to Energy Minister Suhail Al Mazrouei. - Capital Markets - The European Court of Justice is due to announce a preliminary, non-binding ruling regarding the constitutionality of the ECB’s Outright Monetary Transactions policy (OMT), in Luxembourg. - Indexes – Swung between gains and losses as oil prices fluctuated near the lowest level in five years. S&P500 Index gained of 1.4 percent and then declined 1 percent. - Gold – Will extend losses this year as U.S. interest rates increase, providing an opportunity for investors to buy the metal to benefit from a rebound spurred by Asian demand, according to Barclays Plc. - Petrol/Oil – Oil fell below $45 a barrel amid speculation that U.S. stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than 5 1/2 years. - EUR/USD – The euro fell to a nine-year low as officials fueled speculation that the European Central Bank will begin buying government bonds as early as next week to stave off deflation. - Stock Market – The World Bank cut its forecast for global growth this year, as an improving U.S. economy and low fuel prices fail to offset disappointing results from Europe to China. argusfx/forex-daily-intraday
Posted on: Wed, 14 Jan 2015 08:32:02 +0000
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