Archives
Alibaba’s Behemoth IPO Making Few Ripples in Washington
July 11th, 2014
Alibaba Group Holding Ltd. (BABA)’s proposal for what could be the largest initial stock offering in U.S. history is sailing through Washington with few bumps. While a federal commission has warned that the offering by the world’s biggest Internet ...
Reynolds and Lorillard to reshape Big Tobacco with merger
July 11th, 2014
Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn. The deal will ...
Rangers tax case: questions over HMRC’s motivation
July 11th, 2014
Her Majesty’s Revenue and Customs (HMRC) on Wednesday lost its latest legal fight over a claim that Rangers were liable for a £46.2 million bill over the club’s use of a scheme to make payments to its employees. Placing ...
Technical Analysis GBP/USD stays inactive
July 11th, 2014
Technical Analysis GBP/USD for July 11, 2014 Pair’s Outlook GBP/USD remains unable to realise its bullish potential implied by the daily and monthly technical indicators. For now the weekly PP at 1.7113 is enough to support the pair, but ...
Technical Analysis USD/CHF oscillates around 200-day SMA
July 11th, 2014
Technical Analysis USD/CHF for July 11, 2014 Pair’s Outlook A brief dip below the monthly PP and 200-day SMA did not entail a further sell-off. The U.S. Dollar bounced back above 0.8924/18 and seems to be ready to continue ...
Technical Analysis USD/JPY breaks major up-trend
July 11th, 2014
Technical Analysis USD/JPY for 11/07/2014 Pair’s Outlook USD/JPY is getter farther and farther away from recovery, since it has just closed beneath one of the major trend-lines. This support has kept the upward momentum intact since the first months ...
Technical Analysis EUR/USD pushed back to 1.36
July 11th, 2014
Technical Analysis EUR/USD for July 11, 2014 Pair’s Outlook EUR/USD failed to sustain a rally through the monthly PP and 55-day SMA yesterday. After topping out at 1.3650 the currency pair retreated, showing a lack of bullish momentum. But ...
Eurex Enters FX Trading Business, Could Force CME To Reduce Prices
July 11th, 2014
In its recent monthly volumes breakdown, CME Group reported a decline in trading volumes in the last several months over the year-ago period across almost all derivative classes, other than interest rate derivatives, after a solid start to 2014. ...
Netagio Launches Exchange for Gold, Sterling and Bitcoin Traders
July 11th, 2014
Bitcoin storage firm Netagio has today launched an exchange that allows users to trade bitcoin, pounds sterling and gold. The exchange offers users three order-books, allowing trades between bitcoin and gold, bitcoin and sterling, and gold and sterling. “ ...
Economists downgrade forecasts for U.S. growth
July 11th, 2014
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter. A survey by the National Association of Business Economics, released ...
