Search Results for: Markets
Friday December 12: OSB Daily Technical Analysis – Currency pairs
December 12th, 2014
OSB Daily Technical Analysis for December 12, 2014 EURUSD went back and forth fighting it out at the 20 DMA at 1.2427 which it closed beneath on the day. Upswing fell short of the 1.2500 handle where significant resistance ...
SEC Penalizes Morgan Stanley for Violating Market Access Rule
December 11th, 2014
The Securities and Exchange Commission today penalized Morgan Stanley & Co. LLC for violating the market access rule when it failed to uphold credit limits for a customer firm with a rogue trader who engaged in fraudulent trading of ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
Thursday December 11: OSB Daily Technical Analysis – Currency pairs
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 EURUSD cleared the 20 DMA closing at the peak of the day suggesting further upside. Overhead resistance at 1.2450-75. Clearing this extends to a test of the 1.25 handle. Support beneath ...
Yen Drops First Time in Four Days Before Elections as Won Gains
December 11th, 2014
The yen fell for the first time in four days on speculation Prime Minister Shinzo Abe’s Liberal Democratic Party will win an election this weekend and extend measures that have weakened the currency. The yen dropped versus all of its 16 ...
Worst Greek Stock Slump Since 1987 Proves Bears Right: Options
December 10th, 2014
Investors began giving up on Greek stocks even before the latest rout. A U.S. exchange-traded fund tracking the nation’s equities has had a record streak of redemptions, losing money for four straight months. The wagers proved well-timed: the benchmark ...
What the RSX Bear Market May Mean For SPX
December 10th, 2014
It has been a rough year for Russian stocks. This is shown well by the Market Vectors Russia ETF in red and especially against the volatile but upwardly moving S&P 500 in blue. When some time is taken to study this chart, however, ...
Wednesday December 10: OSB Daily Technical Analysis – Currency pairs
December 10th, 2014
OSB Daily Technical Analysis for December 10, 2014 EURUSD broke sharply higher the early session managing an intraday high in the 1.2450 area. Pair needs to close above 1.24 handle with conviction to sustain up move. Resistance above at ...
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
Warning against Ftradition LTD
December 9th, 2014
The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Ftradition LTD. This company is a suspected boiler room. Ftradition LTD has approached persons without being asked, to offer them investment proposals. A ...
