Search Results for: banks
USD/CHF erodes weekly S2
April 11th, 2014
Pair’s Outlook USD/CHF maintains the course south. If it closes lower today as well, it will be a fifth bearish candle in a row. And while the decline itself should not be a surprise, since the pair is currently ...
USD/JPY pobes key support
April 11th, 2014
Pair’s Outlook The monthly S1 level, which had the potential to stop the sell-off from 104, was breached. This left the key demand area at 101.36/19 exposed. However, being that this zone is fairly dense (it consists of the ...
GBP/USD retreats from Feb high
April 11th, 2014
Pair’s Outlook As suspected, an initial test of the resistance at 1.6822/1.6786 turned out to be unsuccessful. Considering the strength of the supply area, this may result in a dip back to the up-trend support line at 1.6541/27, where ...
EUR/USD closes in on 1.39
April 11th, 2014
Pair’s Outlook EUR/USD continues to advance. It has just breached the weekly R2 and is about to hit the down-trend resistance line that connects peaks of the past six years. In addition to that there is an up-trend resistance ...
Cyprus: A Mediterranean island slowly rebuilding after crisis
April 11th, 2014
Cyprus, the tiny Mediterranean island bailed out a year ago, remains “in difficulty…but not as bad as one would have expected,” its finance minister Harris Georgiades told CNN during an interview in the capital city Nicosia. The country, which ...
Europe Stock Futures Follow Asia Down on Tech; Lira Falls
April 11th, 2014
European index futures and emerging-market currencies slid as a gauge of Asian stocks dropped the most in three weeks amid a selloff in technology shares that’s cut demand for riskier assets. Nickel extended its longest rally since 2010. Contracts ...
Christine Lagarde: huge government and bank debts risk new financial crash
April 10th, 2014
IMF head argues for global co-operation on financial stability, warning against risky investments and low eurozone inflation Head of the International Monetary Fund Christine Lagarde issued a warning to world leaders on Thursday that they need to do more ...
Deutsche Bank Said to Find Improper Communication in FX Case
April 10th, 2014
Deutsche Bank AG (DBK) put a London-based currency saleswoman on leave last month for inappropriate communication with the Monetary Authority of Singapore, a person familiar with the matter said. No other details on Kai Lew’s communications with MAS were ...
Greek bond order book soars to €17.5bn
April 10th, 2014
Greece has attracted a staggering €17.5bn order book for its eagerly anticipated return to the bond market – and banks are still taking bids. The final size of the five year deal is yet to be confirmed but banks ...
EUR/USD braces for impact of hitting key resistance
April 10th, 2014
Pair’s Outlook Just as many other resistances, the monthly pivot point also failed to stop the Euro from going higher. However, EUR/USD is now approaching a key resistance zone between 1.39 and 1.395 that consists of two major multi-year ...
