PRECIOUS-Gold falls below 2-week high on firmer dollar *Gold pressured by firmer dollar. NEW YORK/ LONDON, Oct 7- Gold eased on Wednesday, falling from a two-week high on the firmer dollar while losses were capped on expectations that the U.S. Spot gold fell 0.1 percent to $1,145.86 an ounce by 2:53 p.m. EDT, after touching $1,153.30, its highest level since Sept. 24.
| By: Marcy Nicholson and Mariana Ionova
European markets close flat CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Morgan Stanley's positive outlook on oil.
FOREX-Dollar gains against euro, franc on risk appetite NEW YORK, Oct 7- Optimism toward global economic growth boosted risk appetite and drove the U.S. dollar higher against the euro and Swiss franc on Wednesday, while the yen gained against the dollar after the Bank of Japan left monetary policy unchanged. Expectations for the first Federal Reserve rate increase since 2006 have been pushed out to 2016, analysts...
| By: Sam Forgione
Euro holds the line as ECB easing bets offset by grounded Fed Expectations the central banks would chart different courses dragged the euro from around $1.40 in May 2014 to a 12- year low below $1.05 in March, when the European Central Bank launched its trillion euro plus asset purchase program. HSBC now expects the euro to end 2015 at $1.15, up from $1.1220 on Wednesday. The Fed is seen as the hawk while the ECB is the dove, " HSBC...
| By: Anirban Nag
PRECIOUS-Gold slides on firmer dollar, equity rally *Gold pressured by firmer dollar, equity gains. *Prices see resistance at $1,150 to $1,170. LONDON, Oct 7- Gold slid lower on Wednesday, under pressure from a firmer dollar and a rally in equity markets but losses were capped by growing expectations that the Federal Reserve will delay raising interest rates until next year.
| By: Mariana Ionova
POLL-Dollar's strength largely depends on Fed rate increase timing *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? LONDON, Oct 7- Whether the dollar retains its strength mostly depends on how much longer the United States Federal Reserve delays its first interest rate hike in almost a decade, a Reuters poll found on Wednesday. It's now December after the Fed decline to act last month, according to a...
| By: Jonathan Cable
POLL-No end in sight for EM currency drop as economies flop *Brazil real seen down 8 pct, S. Africa rand 4 pct weaker. *Brazil, China, Switzerland likely to intervene- analysts. BRASILIA/ BENGALURU, Oct 7- Emerging market currencies will slide further in coming months as investors fret over a slowdown in the global economy and seek safer havens, a Reuters poll showed on Wednesday.
| By: Silvio Cascione and Sumanta Dey
US beating rest of world: Tom Lee Discussing investors moving towards value, and the market rally, with Thomas Lee, Fundstrat Global Advisors founder & head of research.