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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

The Watch - forex news

Amwal Al Ghad English - 2018-01-15 07:06:08
U.S. dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking sector. According to the latest price updates, the US dollar recorded LE17.65 for purchase and LE17.75 for sale in the National Bank of Egypt (NBE), the Arab African International Bank (AAIB), al-Qahera Bank, the Commercial International Bank (CIB) and the United Bank (UB). In the Islamic Abu Dhabi Islamic Bank (AIB), the US dollar increased by one piaster, recording 17.67 pounds for purchase and 17.77 pounds for sale. In al-Baraka Bank, the dollar settled at 17.66 pounds for purchase and 17.76 pounds for sale. In Al-Ahli Bank of Kuwait (ABK), the dollar recorded LE17.66 for purchase and 17.76 pounds for sale. More»
Amwal Al Ghad English - 2018-01-15 06:31:20
Gold prices on Monday hit their highest since September, buoyed as the U.S. dollar slumped to three-year lows against a basket of currencies. Spot gold was up 0.1 percent at $1,339.46 an ounce by 0117 GMT, after earlier touching its strongest since September 6 at $1,339.97 Spot gold rose for a fifth straight week last week, gaining 1.4 percent. U.S. gold futures were up 0.4 percent at $1,339.70 an ounce. Spot gold prices rose 1 percent on Friday after U.S. President Donald Trump said he would waive nuclear sanctions against Iran for the last time to give Washington and its European allies a chance to fix the "terrible flaws" of the 2015 nuclear deal. Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world. The dollar index on Monday dropped 0.2 percent to 90.800, its lowest since Jan. 2015. U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services, which could temper expectations that inflation will accelerate in 2018. Underlying U.S. consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year. The recent drop in U.S. unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday. Palladium hit a record-high of $1,126.30 an ounce on Friday. It was down 0.4 percent at $1,119.49 early on Monday. The metal has seen a sustained rally from high demand in the auto industry amid a supply deficit. Hedge funds and money managers raised their net long positions in COMEX gold and silver contracts in the week to January 9, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. More»
Amwal Al Ghad English - 2018-01-15 06:26:59
Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent crude futures, the international benchmark for oil prices, were at $69.85 per barrel at 0412 GMT, down 2 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.40 a barrel, down 10 cents. Both benchmarks last week reached levels not seen since December 2014, with Brent touching $70.05 a barrel and WTI as high as $64.77. ANZ bank said on Monday oil prices had recently risen "on the back of data continuing to show the market is tightening." Oil markets have been well supported by production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia which are aimed at propping up crude prices. The cuts started in January last year and are set to last through 2018, and they have coincided with healthy demand growth, pushing up crude prices by more than 13 percent since early December. But other factors, including political risk, have also supported crude. "Tighter fundamentals are (the) main driver to the rally in prices, but geopolitical risk and currency moves along with speculative money in tandem have exacerbated the move," U.S. bank JPMorgan said in a note. Attracted by tighter supplies and strong consumption, financial investors have raised their net long U.S. crude futures positions, which would profit from higher prices, to a new record, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Despite the sharp price rises since December, some analysts have been warning of a downward correction. "Many believe that oil prices above $60 will self-correct as this level of prices will encourage substantially more drilling in U.S. shale which will lead to increased supply," said William O'Loughlin, investment analyst at Australia's Rivkin Securities. U.S. energy companies added 10 oil rigs in the week to Jan. 12, taking the number to 752, energy servicing firm Baker Hughes said on Friday. That was the biggest increase since June 2017, and ANZ bank said the jumpcame "as shale producers quickly reacted to the strong rise in prices in 2018." The picture was similar in Canada, where energy firms almost doubled the number of rigs drilling for oil last week to 185, the highest level in 10 months. The high prices for crude, which is the most important feedstock in the petroleum industry, have also crimped profit margins for oil refiners, resulting in a decline in new crude orders. More»
Amwal Al Ghad English - 2018-01-15 06:09:05
Dollar prices languished at three-year lows against a basket of currencies on Monday, while the euro stood tall on investors' hopes that European Central Bank policymakers could be poised to further trim their monetary stimulus. The dollar index, which tracks the greenback against a basket of currencies, slipped 0.2 percent to 90.807 after falling as far as 90.773 earlier in the session, its lowest since January 2015. The euro added 0.1 percent to $1.2206, in sight of a peak of $1.2218 on Friday, its highest since December 2014, leaving some strategists to ponder where its next top might be. "I think the strength of the euro is overdone," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities. "The strength of the euro itself will delay the ECB's normalization. The ECB is conducting verbal tightening, so they don't need to move on interest rates." Against the yen, the dollar slipped to its lowest levels since mid-September, as comments from Japan's central bank governor highlighted Japan's economic recovery. While Bank of Japan Governor Haruhiko Kuroda reiterated the central bank's resolve to maintain its massive stimulus program until 2 percent inflation is achieved stably, he also said the country's economy was expected to continue moderately expanding. Core consumer prices are rising around 1 percent, Kuroda said in a speech to BOJ regional branch managers. This was a slight change from his previous speech to branch managers, when he said core consumer prices were around zero. The dollar was 0.3 percent lower at 110.73 yen, after earlier falling as far as 110.63. "We continue to see dollar/yen sellers, to be honest," said Bart Wakabayashi, branch manager for State Street Bank in Tokyo. "Let's see if we start to see some rumblings from Japanese officials, about yen strength," he said. "We might see some comments to calm market expectations of yen strength." Sterling edged up 0.1 percent to $1.3739, probing its highest levels against the dollar since the Brexit vote in June, 2016. The British currency jumped on Friday, after a media report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the European Union. The pound shrugged off a denial from officials from the Spanish and Dutch finance ministries, who said there was no new agreement between the countries on how Britain should leave the EU. Speculators' net short dollar positions rose in the latest week through Jan.9 to their largest since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. More»
Amwal Al Ghad English - 2018-01-13 07:20:23
Gold rose to a four-month high on Friday and was on track for a fifth straight weekly gain as the dollar fell against the euro on an agreement for a political coalition in Germany. Spot gold was up 0.66 percent at $1,331.01 an ounce by 12:34 p.m. ET, having touched its highest since Sept. 15 at $1,333.05. The precious metal is up half a percent this week and set for its longest run of weekly gains since April. U.S. gold futures for February delivery were up 0.7 percent at $1,331.70. The dollar index, which measures the greenback against six major currencies, fell to its lowest since Sept. 8 at 91.243. The euro jumped to a three-year high after party sources said German Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) had agreed a blueprint for formal coalition negotiations. "This agreement of a coalition will change that situation of a hung parliament in Germany and that is why the euro is positive, weakening the U.S. dollar, which is one of the reasons why gold is firmer this morning," said Quantitative Commodity Research consultant Peter Fertig. The news from Germany helped the euro to extend gains made on Thursday after minutes from a December European Central Bank meeting signaled that the ECB could begin to wind down its 2.5 trillion euro ($3 trillion) stimulus program this year. A stronger euro could boost demand for gold by making dollar-priced bullion cheaper for European investors. Physical gold demand remained lackluster across top Asian centers this week as buyers were put off by a rally in prices, but the approaching Chinese New Year could boost stimulate buying interest. The dollar was pressured by data showing producer prices in the United States fell for the first time in nearly 1-1/2 years in December amid declining costs for services. U.S. Consumer Price Index (CPI) data is due later on Friday. Among other precious metals, spot silver rose 0.7 percent to $17.13 an ounce but was still heading for its first weekly loss in five weeks. Platinum rose 1.28 percent to $996.70 after touching its highest since Sept. 11 at $997, on track for a fifth straight weekly gain. Platinum is up 2.5 percent so far this week. Palladium was up 2.22 percent at $1,107.50, close to a record high of $1,111.40 touched on Tuesday. More»
Amwal Al Ghad English - 2018-01-13 07:17:14
Dollar prices slumped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme. The euro was up 1.21 percent to $1.2177, on pace for its biggest single-day percentage gain against the greenback in about two months. On Thursday, the euro rose 0.72 percent against the dollar after ECB policymakers said in minutes of the bank's December meeting that they could revisit their communication stance in early 2018. Investors took that as a signal that the ECB will wind down its 2.55 trillion euro ($3.10 trillion) bond purchase scheme this year if Europe's economy continues to hum along. "The latest ECB comments were a bit on the hawkish side, so that's giving more life to the euro," Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. The euro's rise weighed on the dollar index, which measures the greenback against six rival currencies. The index was down 0.92 percent at 91.008, after slipping to a four-month low of 90.954. A sharp rise in the British pound also dragged the index lower. Sterling rocketed to its highest level against the dollar since the vote to leave the European Union, after a report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the trading bloc. "Anytime you hear Brexit going well it is going to give the pound a little bit of a boost," said Trang. Sterling was up 1.43 percent to $1.3729. Given the strong momentum in the euro and sterling, the dollar failed to capitalize on data which showed underlying U.S. consumer prices recorded their largest increase in 11 months in December, which bolstered expectations that inflation will accelerate this year. "It may be a bit premature to jump on the inflation bandwagon. I would want to see at least a quarter or two of some solid numbers," Trang said. Bitcoin was 3.8 percent higher at $13,749.05 on the Luxembourg-based Bitstamp exchange a day after it skidded over 11 percent after the government of South Korea said it was considering a plan to ban cryptocurrency trading. More»
Amwal Al Ghad English - 2018-01-13 07:13:18
Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production. Russian Energy Minister Alexander Novak said ministers from leading OPEC and non-OPEC producers will discuss the possibility of exiting the deal at a coming committee meeting, but said that "we see that the market surplus is decreasing, but the market is not completely balanced yet." His comments boosted prices, which rebounded from earlier decline, though the market has not hit the heights it touched on Thursday, when Brent crude topped $70 a barrel for the first time since December 2014. Brent crude futures rose 54 cents to $69.80 a barrel. U.S. West Texas Intermediate futures settled at $64.30 per barrel, notching a four week winning streak. WTI hit its strongest since late 2014 at $64.77 on Thursday. U.S. oil rigs rose by 10 to 752 this week, the biggest increase since June and the first time drillers added rigs in five weeks, according to Baker Hughes. The total rig count rose to 752 in the week through Jan. 12, the most since September. The agreement between the Organization of the Petroleum Exporting Countries and Russia reached in late 2016 to cut 1.8 million barrels of crude daily is due to last until the end of 2018. Novak said the current oil price was short-term, and he would discuss the situation at a ministerial monitoring committee meeting in Oman, scheduled for Jan. 21. Russia's Lukoil Chief Executive Vagit Alekperov said Russia - part of the global agreement with the Organization of the Petroleum Exporting Countries to reduce supply - should start to exit the pact if crude prices remain at $70 a barrel for more than six months. Major oil producing-countries have grown concerned that as prices remain near these levels, it will spur additional production from U.S. shale patches in Texas and North Dakota, risking overwhelming the market with additional supply, and hurting OPEC's market share. Fatih Birol, head of the Paris-based International Energy Agency, said oil prices at $65 to $70 risked encouraging more oversupply from U.S. shale drillers. "If you look at any kind of momentum indicator this is telling you this is way overbought," said Robert Yawger, director of energy futures at Mizuho in New York. "However, there are definitely issues supporting the market." U.S. crude production fell in the most recent week by nearly 300,000 barrels per day to about 9.5 million bpd, which analysts attributed to the deep freeze across most of the country. The U.S. Energy Department expects production will blow through 10 million bpd in the next few months, en route to 11 million bpd by next year, rivaling Russia and Saudi Arabia. Futures contracts show an expectation for prices to pull back by year end, with the December U.S. crude futures contract currently trading just above $60 a barrel. Later-dated futures trading lower than the spot price is known as backwardation, and is expected to inhibit production because it implies a lower price for future barrels sold. More»
Amwal Al Ghad English - 2018-01-11 06:25:01
Gold prices edged up early on Thursday after hitting a near four-month high in the previous session, on a weaker dollar and as a rally in equities ran out of steam. Spot gold was up 0.1 percent at $1,318.49 an ounce by 0048 GMT. Prices hit a near four-month high at $1,326.56 an ounce on Wednesday. U.S. gold futures were little changed at $1,319 an ounce. Gold prices on Wednesday reversed their losses and rose over 1 percent as the dollar swooned after a report that Chinese officials had recommended slowing or halting purchases of U.S. Treasury securities. Officials reviewing China's foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, Bloomberg News reported on Wednesday, citing people familiar with the matter. The U.S. dollar fell to a more than six-week low against the Japanese yen and weakened against a basket of major currencies on Wednesday after the report. It was mostly unchanged at 92.320 on Thursday. The yen has been buoyed this week after a cut in the Bank of Japan's bond buying on Tuesday fueled speculation that the central bank could eventually seek to exit from its stimulus later this year, following the footsteps of other major central banks. The New Year rally in Asian shares paused on Thursday as concerns about the U.S. administration's protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.35 percent to 828.96 tonnes on Wednesday from Tuesday. UBS on Wednesday said that its gold forecast for 2018 year-end stands at $1,325 per ounce. The class action brought by thousands of mine workers who contracted lung diseases while working for South African gold miners has been postponed because the parties are close to a settlement, lawyers for the companies said on Wednesday. More»
Amwal Al Ghad English - 2018-01-11 06:22:32
Dollar prices nursed losses against the yen on Thursday, having suffered its biggest one-day drop in nearly eight months following a report that China was ready to slow or halt its purchases of U.S. Treasuries. Officials reviewing China's foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, Bloomberg News reported on Wednesday, citing people familiar with the matter. The report sent U.S. 10-year Treasury yields to 10-month highs and dented the dollar on Wednesday, which slid nearly 1.1 percent on trading platform EBS, its biggest one-day percentage fall versus the yen since last May. The dollar regained some ground on Thursday, edging up 0.1 percent to 111.54 yen. While it is conceivable that China could make some adjustments to its foreign reserve holdings, it seems "highly unlikely" that China will stop buying U.S. Treasuries, said Stephen Innes, head of trading for Oanda in Singapore. However, Innes said the uncertainty over China's stance could potentially dampen investors' risk appetite, while the dollar would likely face headwinds against the yen due to speculation about the Bank of Japan's future exit from its massive stimulus policy. The yen has risen this week after the Bank of Japan on Tuesday trimmed its buying of long-dated Japanese government bonds in market operations. While the BOJ move on Tuesday was a technical tweak in line with the central bank's policies to date, it unleashed a wave of speculation that the BOJ could be poised to begin winding down its stimulus. Against a basket of six major currencies, the dollar inched up 0.1 percent to 92.386, having regained some footing after falling to as low as 91.922 on Wednesday. The euro held steady at $1.1949, having retreated from Wednesday's intraday high of $1.20185. The Canadian dollar nursed its losses, having slipped on Wednesday as worries of a U.S. NAFTA withdrawal tempered bets that the Bank of Canada will raise interest rates next week. Canada is increasingly convinced that U.S. President Donald Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said. The Canadian dollar held steady at C$1.2553 per U.S. dollar. On Wednesday it slid 0.7 percent and fell to as low as C$1.2583, the loonie's lowest level since late December. More»
Amwal Al Ghad English - 2018-01-11 06:19:56
Oil prices held near three-year highs on Thursday, supported by a surprise drop in U.S. production and lower crude inventories, although analysts increasingly warned of signs that fuel markets have overheated. U.S. West Texas Intermediate (WTI) crude futures were at $63.53 a barrel at 0144 GMT, 4 cents below their last settlement but still close to a December 2014 high of $63.67 per barrel reached the previous day. Brent crude futures were at $69.14 a barrel, 6 cents below their last finish. That was also close to the previous day's high of $69.37 a barrel, which was the highest level since an intra-day spike in May 2015 and, before that, in December 2014. Oil markets have generally been supported by a production cut led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia that started in January last year and is set to last through 2018. More immediate price support came overnight from the United States, where crude inventories fell almost 5 million barrels in the week to January 5, to 419.5 million barrels. That's slightly below the five year average of just over 420 million barrels. U.S. production fell 290,000 barrels per day to 9.5 million bpd, the EIA said, foiling expectations of U.S. output breaking through 10 million bpd. "Supply disruptions and falling U.S. and global inventories have driven crude oil higher," said Ole Hansen, head of commodity strategy at Saxo Bank in a note. "Such is the current mood that bullish news tends to get more attention than potentially bearish signals," he added. Bearish signals include a rise in fuel inventories as well as a fall in refined products profits in Asia, which are expected to hamper orders for new feedstock crude. U.S. gasoline stocks rose 4.1 million barrels, EIA data showed, more than expected, while Singapore average refinery profit margins have fallen below $6 per barrel this month, their lowest seasonal level in five years. Singapore average refinery profit margins have fallen below $6 per barrel this month, their lowest seasonal level in five years. And with the crude price up by more than 13 percent since early December, some analysts expect a downward price correction following the recent bull-run. "Markets are getting a bit fatigued, and a healthy correction could be on the cards," said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore. More»