Archives
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
Technical Analysis USD/CHF puts pressure on 0.91
July 31st, 2014
Technical Analysis USD/CHF for July 31, 2014 Pair’s Outlook Yesterday’s test of the monthly R2 did not result in a rally above 0.91, but there is still a good chance the bulls are going to play the main role. ...
Solicitor caught for rules breaches
July 31st, 2014
A solicitor has been struck off by the Solicitors Disciplinary Tribunal (SDT) after a number of serious allegations were found proved against him, including that he failed to set up and keep proper accounting systems or records and had ...
Technical Analysis USD/JPY soars to 103
July 31st, 2014
Technical Analysis USD/JPY for July 31, 2014 Pair’s Outlook Though the last few months there were serious doubts regarding USD/JPY’s ability to break this year’s down-trend, right now the currency pair is already trading 100 pips above it. Accordingly, ...
IMF: China should set slower but safer growth
July 31st, 2014
China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday. Most of its directors hold ...
Technical Analysis GBP/USD tries to find support at 1.69
July 31st, 2014
Technical Analysis GBP/USD for July 31, 2014 Pair’s Outlook There still seems to be a small chance for the Sterling to avoid further depreciation, as it is currently facing a number of strong supports. Apart from a long-term rising ...
Gold Below $1294 as U.S. Economy advances
July 31st, 2014
Gold retreated for a fourth day to head for a monthly decline as further signs that the U.S. recovery is gaining momentum strengthened the case for higher borrowing costs in the world’s largest economy. Gold for immediate delivery fell ...
Technical Analysis EUR/USD is inclined to extend decline
July 31st, 2014
Technical Analysis EUR/USD for July 31, 2014 Pair’s Outlook Despite the strong downward momentum the support at 1.3383/69 managed to withstand the attack of the bears yesterday. And while there is a possibility of a pull-back up to 1.35 ...
Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud
July 31st, 2014
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae. Bank of America ...
Royal Dutch Shell sees ‘robust’ profits rise
July 31st, 2014
Oil giant Royal Dutch Shell has described its performance as “robust” after its second-quarter profits more than doubled. Shell said profits for the period rose to $5.15bn (£3bn) from $2.39bn a year earlier. Stripping out the impact of one-off ...
