User login

Google Friend Connect

loading...
Syndicate content
downward pressure

EUR/GBP Range Creating Ideal Scalping Environment

The Euro and Pound have regained their footing after another sharp sell off for both which has left the EUR/GBP stuck in its current range. A German ban on naked short selling raised concerns that there are more underlining issues that haven’t yet revealed themselves. The release of the B
oE
Article image

How Will The Short Selling Ban Affect the Euro?

Yesterday’s ban on naked short selling of some financial stocks and Eurozone bonds as well as their related CDS products spurred a frenzy in the currency market pushing euro to fresh yearly lows as speculators scrambled to express their negative views on the region in the one liquid mark
et
Article image

British inflation hits 17-month high

AFP British annual inflation surged to a 17-month high point of 3.7 per cent in April as clothing and food costs rose last month at a faster pace compared with a year earlier, official data showed on Tuesday. April's rate compared with 12-month inflation of 3.4 per cent in March,
Article image

Yen Gains on Prospects Exporters Buying Currency; Aussie Falls

Japan’s currency strengthened against 14 of its 16 major counterparts before Chinese reports that may show inflation quickened, sparking concern the government will raise interest rates to temper growth. Australia’s dollar weakened after data showed employers added fewer jobs than expe
cted
Article image

Yen Gains on Prospects Exporters Buying Currency; Aussie Falls

March 11 (Bloomberg) -- The yen rose against the euro amid speculation Japanese exporters bought the currency before the fiscal year ends this month. Japan’s currency strengthened against 14 of its 16 major counterparts before Chinese reports that may show inflation quickened, sparki
ng
Article image

Yen Gains on Prospects Exporters Buying Currency; Aussie Falls - Bloomberg.com

Japan’s currency strengthened against 14 of its 16 major counterparts before Chinese reports that may show inflation quickened, sparking concern the government will raise interest rates to temper growth. Australia’s dollar weakened after data showed employers added fewer jobs
than
Article image

Czech Political Gridlock May Affect Rating, Moody’s Says - Bloomberg.com

A new government must trim the shortfall to the European Union ceiling of 3 percent of gross domestic product by 2013 from a forecast 5.3 percent of GDP this year. The deficit swelled to an estimated 6.6 percent of GDP last year. The country has a bit of a “disappointing track record
Article image

Oil Breaks Higher, Gold May Decline on Fed Rate Hike Outlook

Commodities - Energy Oil May Pull Back on Risk Trends After Resistance Break Crude Oil (WTI)       $82.30       +$0.80      +0.98% Prices negated the bearish implications of a Rising Wedge that had been taking shape ove
r recent weeks,
Article image

Rising UK Factory Gate Prices May Force BoE to End QE

Fundamental Headlines • Greece Leaps Past One Crucial Hurdle – Wall Street Journal • Spain's Woes Start To Sting Big Banks – Wall Street Journal • China to target 8% economic growth rate- Financial Times • Greek Aid Plans Said to Be Considered by EU Officials
After Merkel
Article image

Brevan Howard Said to Hire Morgan Stanley Trader Ahsim Khan - Bloomberg.com

Khan, 28, will join the London-based hedge fund next month, said one of the people who asked not to be identified because the information is private. Brevan Howard declined to comment on the hire. Hedge funds led by Brevan Howard and Louis Bacon ’s $14.6 billion Moore Capital Management
LP
Article image

ABARE Sees 2011 Resources Surge

Australia's commodity boom keeps growing in strength. And figures yesterday from ABARE (Australian Bureau of Agricultural and Resource Economics) confirm the rebound, with a 15% rise in commodity export income forecast for the 2011 financial year. ABARE commodity expo
rt
Article image

Home-Price Drop in U.S. Supports Low-Rate Outlook: Chart of Day - Bloomberg.com

The CHART OF THE DAY graphs median home prices for existing and new houses. At $163,600 in January, the median cost of an existing single-family home was the lowest since May 2002, figures from the National Association of Realtors showed last week. For new houses, the $203,500 median price was at
Article image

Exports and global revival buttress resources

March 3, 2010 The Australian Bureau of Agricultural and Resource Economics March quarter commodities report, issued yesterday, predicts commodities exports will bring in $187 billion in 2010-11. This is up from a forecast $163 billion in 2009-10. The expected increase is due mainly to
Article image

Minerals exports to boost commodities earnings: ABARE

The recovering global economy and increased mineral exports could help boost Australia's commodities export earnings by 15 per cent in 2010/11. The Australian Bureau of Agricultural and Resource Economics (ABARE) March quarter commodities report, released on Tuesday, predicts commodities
Article image

EUR/USD 1.3500 - Only a Matter of Time?

The credit spreads of Eurozone’s most problematic economies are actually well off their highs with Greek/Germans bunds below 320 basis points after the Greek Prime Minister reiterated the notion that Greece is not asking for a bailout but simply for more time to reform its budg
et
Article image

Small business conditions hit high: ACCI

AAP Conditions for small business have risen to levels not seen since before the onset of the global financial crisis, new figures show. Businesses also expect conditions to continue to improve over the March quarter, according to the latest Australian Chamber of Commerce and Industry
Article image

Euro May Fall Versus Yen, Commerzbank Says: Technical Analysis

By Keith Jenkins The euro remains within the confines of a so-called downchannel, which leaves the immediate outlook negative, Karen Jones , head of fixed-income, commodity and currency technical analysis in London, wrote in a research report today. “The downchannel lies at 123.
17
Article image

AUD | Australian Dollar drops on Greece, China concerns

The Australian dollar hovered near a decade high against the struggling euro on Monday as uncertainty over whether Euro member Greece can repay its debts hurt the common currency. The euro was cowering at $1.5328, having sunk from $1.5750 last week to as low as $1.5263. The next key
Article image

Market pullback may still have some way to run amid uncertain global outlook

With the global financial crisis still fresh in the memories of investors, sharp falls in equity markets have left many in a cold sweat. The benchmark ASX 200 index has already retreated nearly 400 points from its January high of 4951, with markets taking a battering from a myriad of bad news

Investors warned to expect more falls

With the global financial crisis still fresh in the memories of investors, sharp falls in equity markets have left many in a cold sweat. The benchmark SPI/ASX 200 index has already retreated nearly 400 points from its January high of 4951, with markets taking a battering from a spate of bad news