Archives
USD/HKD remains bullish as HKMA Buys $690 Million
July 28th, 2014
Hong Kong’s de facto central bank bought $690 million on July 25 to defend the city’s 31-year-old peg to the U.S. dollar as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers ...
China’s Industrial Profits rose to 17.9% in June
July 28th, 2014
Profits earned by Chinese industrial firms rose 17.9 percent in June to 588.08 billion yuan ($94.98 billion) from a year earlier, up sharply from an 8.9 percent rise in May, the National Bureau of Statistics said. For the first ...
Oil Mixed With West TX reaching $102
July 28th, 2014
Brent crude oil reversed losses jumping back above $108 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market. A Russian security official ...
Technical Analysis Australia 200 – Moves Away from Six Year High Back to 5550
July 28th, 2014
Technical Analysis Australia 200 for Monday, July 28, 2014 The Australia 200 Index will be looking to see if it can maintain the break above 5550 after reaching a six year high in the middle of last week. In ...
Tax fraud in Catalonia advances talks
July 28th, 2014
Jordi Pujol, the patriarch of Catalan politics, has admitted conducting tax fraud by hiding money offshore. Mr. Pujol, 84, founded Catalonia’s governing party, Convergence, and was its leader from 1980 to 2003. During that period, he acted as a ...
Oil and Gas Drilling in Britain will expand
July 28th, 2014
The British government considers to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to ...
Microsoft’s Xbox One in China to be sold from JD.com
July 28th, 2014
China’s second-biggest e-commerce company by market share, JD.com Inc, will accept pre-orders for Microsoft Corp’s Xbox One games console in China from July 28 to July 30, the firm said on Monday. The pre-orders will be taken via Tencent Holdings’ ...
JP Morgan questioned on private bank wrongdoing
July 28th, 2014
JPMorgan Chase & Co (JPM.N) executives came across regulators’ questions on whether private bank advisors guide clients to buy the firm’s own financial products, according to a report in the Wall Street Journal. Following the questioning regarding potential conflicts ...
Gold Above $1300 Again
July 28th, 2014
Technical Analysis for Gold, Monday, July 28, 2014 Gold did well at the end of last week to surge higher through the $1300 level back up towards $1310 before easing slightly to start this new week. Throughout most of ...
Asia stocks drop after earnings hurt Wall Street
July 28th, 2014
Asian stocks faced a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world’s second-largest economy. The dollar ...
