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Tuesday November 18: OSB Daily Technical Analysis – Currency pairs

November 18th, 2014 (0)
OSB Daily Technical Analysis for November 18, 2014 Attempts to close above the 20 DMA failed. Pair looking to bounce higher. Further consolidation and retesting of 1.25 area. A close above extends to 1.2635. Selling pressure continues to push ...

Government to announce curbs on gold import very soon: Sources

November 18th, 2014 (0)
In the wake of surge in gold imports, the government would soon impose some curbs on the inward shipment of the metal to prevent current account deficit (CAD) from going out of hand. “Things are being worked out by the Finance Ministry and ...

Weidmann: “Government bond purchases harbour major moral hazard”

November 18th, 2014 (0)
Bundesbank President Jens Weidmann has spoken out against possible plans to expand the Eurosystem’s balance sheet by way of government bond purchases on the part of the euro-area central banks. “Such purchases might create new incentives to run up debt, ...

HKEx celebrates the launch of Shanghai-Hong Kong Stock Connect

November 18th, 2014 (0)
Hong Kong Exchanges and Clearing Limited (HKEx) hosted a ceremony at its Exhibition Hall today to celebrate the successful launch of Shanghai-Hong Kong Stock Connect with about 500 guests and journalists. The Chief Executive of the Hong Kong Special ...

Warning: Stocks Will Collapse by 50%

November 18th, 2014 (0)
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, ...

IOSCO Consults on Post-Trade Transparency in the Credit Default Swaps Marke

November 17th, 2014 (0)
The International Organization of Securities Commissions today published the consultation report Post-Trade Transparency in the Credit Default Swaps Market, which seeks to analyze the potential  impact of mandatory post-trade transparency in the credit default swaps (CDS) market. The report’s analysis ...

Moody’s: Cyprus Government Bond Upgraded to B3

November 17th, 2014 (0)
Moody’s Investors Service has upgraded Cyprus’ government bond rating to B3 from its previous rating of Caa3. The rating agency has also changed the outlook on the government bond rating to stable from positive and affirmed Cyprus’ Not-Prime (NP) ...

Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM

November 17th, 2014 (0)
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...

Monday November 17: OSB Daily Technical Analysis – Currency pairs

November 17th, 2014 (0)
OSB Daily Technical Analysis for November 17, 2014 EUR/USD rallied above the 1.25 handle after selling off in the early session. Significant resistance is above at in the 1.2550-80. Pair likely to retest this area and make a push ...

EU says Starbucks’ Dutch tax deal may be illegal

November 14th, 2014 (0)
A deal between Starbucks Corp’s (SBUX.O) and Dutch authorities may be illegal state aid as it allows the world’s biggest coffee chain to make payments on a lower corporate income tax base, European Union antitrust regulators said on Friday. The comments ...
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