Archives
EUR/USD Below 1.3430 as traders earn from bullish turn
July 28th, 2014
The dollar was about 0.1 percent from the strongest level in eight months against the euro as investors raised bets it would climb versus the single currency to the most since November 2012. The U.S. currency maintained its biggest ...
Lew Can Use Tax Rule to Slow Inversions according to Ex-Official
July 28th, 2014
The U.S. Treasury Department should use immediate stopgap regulations to make offshore transactions known as corporate inversions less lucrative, said the department’s former top international tax lawyer. The administration can unilaterally limit inverted companies from taking interest deductions in ...
Pfizer’s need for deal appears larger with earnings report
July 28th, 2014
Pfizer Inc’s vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its pipeline. ...
Technical Analysis USD/CHF aims for 2014 high
July 28th, 2014
Technical Analysis USD/CHF for Monday, July 28, 2014 Pair’s Outlook The Greenback carries on strengthening, and there are supposedly no significant hurdles until this year’s high at 0.9156. We may expect some profit-taking around 0.91 (monthly R2), but the ...
Technical Analysis USD/JPY prone to returning to 101
July 28th, 2014
Technical Analysis USD/JPY for Monday, July 28, 2014 Pair’s Outlook The currency pair is facing strong resistance at the moment, which it might turn out to be unable to break. The longer-term technical indicators suggest sticking to a bullish ...
Catalunya Banc gets advise from Bakers and Garrigues on €1.2bn sale to BBVA
July 28th, 2014
Baker & McKenzie has advised state-owned Spanish lender Catalunya Banc on its sale to Banco Bilbao Vizcaya Argentaria (BBVA) for €1.2bn. BBVA won the mandate to buy the bank in a competitive auction run by the Spanish Bank Resturucturing ...
Technical Analysis- EUR/USD to remain bearish
July 28th, 2014
Technical Analysis EUR/USD for Monday, July 28, 2014 Pair’s Outlook Although the Euro refused to decline for two days, in the end the bears managed to push the currency below the monthly S2 level. The current downward tendency is ...
Technical Analysis GBP/USD upheld by 55-day SMA and monthly PP
July 28th, 2014
Technical Analysis GBP/USD for Monday, July 28, 2014 Pair’s Outlook GBP/USD is currently trying to find support in the face of the monthly PP and 55-day SMA, but there is a high probability of the price falling even lower. ...
After the Dollar
July 28th, 2014
It is symbolic that the recent BRICS summit in Fortaleza, Brazil, took place exactly seven decades after the Bretton Woods Conference that created the International Monetary Fund and the World Bank. The upshot of the BRICS meeting was the ...
USD/CAD reached 1.0815 on Economic Concern
July 28th, 2014
The Canadian dollar sank to a five-week low before reports next week that are forecast to show the nation’s economy is lagging behind that of the U.S., its biggest trading partner. The currency fell for a second day against ...
