Archives
EUR/USD breached 100-day SMA
April 7th, 2014
Pair’s Outlook As EUR/USD closed beneath the 100-day SMA last week, there is a good chance Euro’s depreciation will persist. But the sell-off will then face a number of formidable obstacles, meaning the decline may be short-lived. The first ...
Apple, Nestle, NBCUniversal, Netflix: Intellectual Property
April 7th, 2014
Apple Inc. (AAPL), accusing Samsung Electronics Co. (005930) of misleading jurors at the start of a $2 billion trial over smartphone technology, lost its bid to show jurors how it uses three of five patents disputed in the case. ...
Vivendi Selling SFR to Altice in $23 Billion Deal, Hard-Fought Win for Drahi
April 7th, 2014
Billionaire Patrick Drahi’s Altice (ATC) SA won the bidding contest for Vivendi SA (VIV)’s French phone unit, beating a government-backed offer from Bouygues SA (EN) by agreeing to a deal valued at more than 17 billion euros ($23 billion). ...
Asian Stocks Snap 8-Day Winning Streak Led by Industrials
April 7th, 2014
Asian stocks fell for the first time in nine days, snapping the longest winning streak on the regional gauge this year, with telecommunication and technology shares leading declines. Naver Corp. slumped 6.3 percent in Seoul, SoftBank Corp. lost 4.5 ...
Gold Holds Gains as Investors Assess Pace of Stimulus After Data
April 7th, 2014
Gold held the biggest one-day advance in more than three weeks as U.S. jobs data that trailed analysts estimates damped speculation that the Federal Reserve will step up the pace of stimulus reduction. Bullion for immediate delivery traded at ...
EU Enacts 10-Year Auditor Rotation
April 4th, 2014
The European Parliament today enacted new rules requiring public companies to change auditors after a maximum of 10 years. EU member countries can decide to extend the 10-year auditor rotation period for up to 10 more years if companies ...
CySec’s announcement
April 4th, 2014
The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform ASP’s (including ASPs whose application is still pending before CySEC) that: 1. Pursuant to article 11(1)(c) of the Law regulating Companies providing Administrative Services and Related Matters of 2012 (‘the ASP ...
New Zealand’s Fonterra fined over botulism food scare
April 4th, 2014
Dairy giant Fonterra has been fined $NZ300,000 ($256,675; £154,748) after it admitted four food-safety violations during a 2013 botulism scare. The scare led to a worldwide milk product recall and to several countries blocking imports of New Zealand dairy ...
EUR/USD pushes through 100-day SMA
April 4th, 2014
Pair’s Outlook As the 55-day SMA failed to underpin the pair, now it is 100-day SMA’s turn to try to prevent further depreciation of the Euro. However, if this is not the case, the next significant support EUR/USD is ...
GBP/USD puts pressure on 1.6590
April 4th, 2014
Pair’s Outlook The monthly pivot point failed to keep GBP/USD afloat and thereby exposed 1.6590/87. And even though this support area is quite dense, consisting of the 55-day SMA and weekly PP, the Sterling is capable of falling deeper, ...
