Archives
GBP/USD slides to 1.59
October 15th, 2014
Pair’s Outlook The Sterling took a major hit yesterday, falling nearly 200 pips in one day, as the support represented by the monthly S1 and now former 2014 low failed to nullify the downward momentum. Accordingly, GBP/USD is now ...
EUR/USD stopped by 1.2740
October 15th, 2014
Pair’s Outlook Although EUR/USD seemed to have found strong support at 1.26 when it hit the Aug-Sep down-trend, the rally initiated there was unable to penetrate the resistance at 1.2740. Now the currency pair is unlikely to launch an ...
Monaco Signs OECD Multilateral Tax Convention
October 15th, 2014
Monaco has become the 84th jurisdiction to commit to strengthen international tax cooperation through its participation in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Welcoming the signing by José Badia, Monaco’s Minister for Foreign Affairs and ...
Australian Consumer Sentiment Rises
October 15th, 2014
A measure of Australian consumer sentiment rose in October, steadying from a sharp fall in the previous month as households signaled they were more confident about the longer term economic outlook. The survey of 1,200 people by the Melbourne ...
Intel shares jump as earnings overcome estimates
October 15th, 2014
Intel beats estimates, cites stable PC chip demand Chip-maker Intel delivered upbeat third-quarter earnings and sent a signal that the personal computer market might be improving. The company’s net income of $3.32 billion rose 12%, compared with $2.95 billion ...
Oil prices tumble 4% on demand outlook
October 15th, 2014
Crude oil prices tumble again on lower demand; gas prices to follow. Another slump in crude oil prices pummeled the energy sector on Tuesday. Benchmark West Texas sank 4% to $82.32 a barrel – a 28-month low – while ...
China’s inflation rate slows to near five-year low
October 15th, 2014
The inflation rate in China slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling. China’s inflation rate slowed more than expected in September to a near five-year low, adding ...
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
October 15th, 2014
JPMorgan Chase & Co (JPM.N) reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. The bulk of the costs came from ...
AbbVie says to reconsider recommendation for Shire acquisition
October 15th, 2014
AbbVie Inc (ABBV.N) said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound ($54.7 billion) merger with Shire Plc (SHP.L) due to the changing U.S. tax regulations. Chicago-based AbbVie, which ...
Grandfathers with a future
October 15th, 2014
Diversification has proven to be, over time, the most successful investment strategy. For this purpose, the best tool that can someone use to achieve diversification is nowadays, ETFs. What are ETFs ETFs or Exchange Traded Funds are similar to ...
