Archives
Study Compares Tax Freedom Day Across The EU
August 4th, 2014
The Institut Économique Molinari (IEM), which is located in Brussels, based its assessment on data from EY. The think-tank found that tax freedom day – the notional day when taxpayers’ income stops funding state expenditure and is received entirely ...
China regulator says Microsoft should not obstruct anti-trust probe
August 4th, 2014
Microsoft Corp (MSFT.O) should not obstruct an anti-trust investigation by Chinese regulators, the State Administration for Industry and Commerce (SAIC) said on Monday, the latest shot fired by China’s government at the U.S. software giant. The SAIC has questioned ...
Technical Analysis USD/CHF stepped away from 0.91
August 4th, 2014
Technical Analysis USD/CHF for August 04, 2014 Pair’s Outlook The pair retreated some 30 pips after an impressive bullish run from Jul 15, but managed to stabilise before falling down to 0.90. Given that the near-term indicators are bullish, ...
Indian police arrests bank chief over bribery
August 4th, 2014
Indian police have arrested the chairman of state-run Syndicate bank, Sudhir Kumar Jain, and several others over allegations of bribery. Mr Jain has been accused of taking bribes to raise credit limits of firms. The Central Bureau of Investigation ...
Gold Above One-Month Low as U.S. Economy Assessed With Rates
August 4th, 2014
Gold traded above a one-month low after three weeks of losses as investors weighed the health of the U.S. economy against the outlook for higher borrowing costs. Silver climbed from the lowest level in six weeks. Gold for immediate ...
Technical Analysis USD/JPY to rebound from 200-day SMA
August 4th, 2014
Technical Analysis USD/JPY for August 04, 2014 Pair’s Outlook USD/JPY took a severe blow from the resistance around 103 at the end of the last week, but the Buck should be underpinned by the demand at 102.49/46 (weekly PP ...
Pound Has Longest Losing Streak in 16 Months as Data Disappoints
August 4th, 2014
The pound declined for a fourth week against the dollar, the longest losing streak in more than a year, as U.K. economic data from manufacturing output to consumer confidence was weaker than economists predicted. Sterling dropped to the lowest ...
Euro Near Eight-Month Low as Short Bets Surge
August 4th, 2014
The euro was 0.4 percent from its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week. Europe’s ...
Will Europe start to lend again?
August 4th, 2014
The European Central Bank will take over supervising banks in Helsinki and Lisbon in November after finding out unprecedented scrutiny to their books. The reason for doing so is to restore confidence in the euro zone’s banks, battered by ...
Technical Analysis GBP/USD targets monthly S1
August 4th, 2014
Technical Analysis GBP/USD for August 4, 2014 Pair’s Outlook The Greenback underperformed relative to most of its main counterparts last Friday, but it nonetheless managed to gain more ground against the Sterling. If this tendency continues, the support at ...
