Archives
Saxo Launches $9,000 Trading Competition on TradingFloor.com
October 7th, 2014
Saxo Bank, the trading and investment specialist, has launched Saxo Trade Challenge, a trading competition open to Saxo Bank A/S clients with a minimum funding of USD 2,000 equivalent by 26 October. Saxo Trade Challenge will reward the top ...
Rio turned down Glencore merger idea
October 7th, 2014
Rio Tinto said Glencore put forward the idea of a potential merger of the two companies to create the world’s largest miner and commodities trader, before Rio’s board rejected the idea. Glencore approached Rio in July regarding a potential ...
Tuesday October 7: OSB Daily Technical Analysis- Indices
October 7th, 2014
OSB Daily Technical Analysis for October 7, 2014 S&P 500 Negative day for the S&P 500 which found support at 1950 level. Attempt to push above the 50 DMA at 1970 proved too ambitious for now and pushed price ...
German industry production slumps as fears mount
October 7th, 2014
German industrial production contracted 4 per cent in August, the biggest decline in over five years and much worse than expected – fuelling fears that even the eurozone’s economic powerhouse is now flirting with a recession. Germany’s economy unexpectedly ...
Tuesday October 7: OSB Daily Technical Analysis- Commodities
October 7th, 2014
OSB Daily Technical Analysis for October 7, 2014 Gold rallied back above $1200 after making a low of 1183 intraday. Significant support appears at the $1190 and at $1200. Pair likely to grind it out at this level. Bearish. ...
Tuesday October 7: OSB Daily Technical Analysis- Currency pairs
October 7th, 2014
OSB Daily Technical Analysis for October 7, 2014 EUR/USD Positive start to the week for the EUR/USD. Buyers pushed price into the 1.2650-80 resistance area. A close above might extend upswing towards 1.28. Support below at 1.25. Bearish bias ...
Australian dollar higher despite RBA comments
October 7th, 2014
The Australian dollar was higher in late trade on Tuesday, helped by some emerging weakness in the greenback. Comments by the Reserve Bank of Australia that the currency remains overvalued when measured against recent falls in key commodity prices ...
Samsung Electronics heads for annual profit drop
October 7th, 2014
Samsung Electronics Co Ltd (005930.KS) is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The ...
Amazon to face EU investigation over Luxembourg tax deal
October 7th, 2014
The European Commission is set to begin a formal probe into allegations that Luxembourg allowed Amazon.com Inc to benefit illegally from state subsidies for its European operations for almost 10 years, the Financial Times reported on Monday. The investigation ...
BNP asks other banks for help as dollar clearing ban nears
October 7th, 2014
BNP Paribas has asked the help of at least three banks to clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating ...
