Archive for the ‘Business’ Category
Recap of the Latest Global News
By Cory Vi & Andrew Su on Feb 1, 2012
Yet again markets were gripped by ‘europhoria’ surrounding the latest EU summit and more announcements surrounding plans to save Europe. European Union leaders meeting in Brussels have agreed on a fiscal treaty that will allow for action against high deficit states [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Feb 1, 2012
Yet again markets were gripped by ‘europhoria’ surrounding the latest EU summit and more announcements surrounding plans to save Europe. European Union leaders meeting in Brussels have agreed on a fiscal treaty that will allow for action against high deficit states [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Feb 2, 2012
Yesterday, manufacturing strength around the globe from prompted a rally in the markets as investor focus was diverted from the European debt focus. Manufacturing data in the US grew at the fastest rate in seven months while manufacturing in the United [...]
Talking Points
U.S. Dollar: Index Threatens Downward Trending Channel, Labor Force Continues To Shrink
Euro: Carves Out Lower Top, Greece Seeks Another EUR 15B
British Pound: Upward Trend Gives Out, BoE To Conduct More QE
U.S. Dollar: Index Threatens Downward Trending Channel, Labor Force Continues To Shrink
The greenback extended the advance from the previous day, with [...]
EUR/USD started the day in London paring gains made yesterday after better manufacturing data eased worries about global growth. The market was quite subdued until Chinese Premier Wen suggested the possibility of more involvement in the developments of the EFSF and the ESM as well as positive comments regarding the shared currency and the euro [...]
USD/JPY continued its five-day losing streak in early London time as it tests the 76.00 big figure. At the time of writing USD/JPY is 76.05 which is today’s low so far. We hear there are stop losses (large) below this figure but margin traders are holding the support line at the moment in the hope [...]
The Brussels Summit ended yesterday with no favourable resolution for the Greek saga leaving the market showing its frustration on the EUR/USD driving it down to 1.3075. Apparently German Chancellor Angela Merkel shared the same frustration with the Greek government’s failure to carry out its economic reform. Euro found its base at 1.3135 during early [...]
After reaching 78.27 last week on concerns over Japan’s first monthly deficit in nearly 30 years and a decline in growth outlook, USD/JPY started this week in familiar territory again 76.60 – 76.80. Other than Japan’s Jobless rate tomorrow, there isn’t much news to trade with. Perhaps of more interest is the EUR/JPY movement where [...]
Recap of the Latest Global News
After the U.S. Dollar sold off across the board late in North American trading yesterday, it appeared that some relief was on the horizon, with the Greenback clawing back in early Asian trading on Thursday. This was merely a short-term correction, and by the time European markets opened up, the [...]
Recap of the Latest Global News
By Cory Vi & Andrew Su on Jan 27, 2012
In a week that the Federal Reserve announced it would keep interest rates low through till at least 2014 and Bernanke said that policymakers are considering further bond purchases to boost growth, markets continued to celebrate as it appears that more [...]
