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Thursday November 27: OSB Daily Technical Analysis – Currency pairs
November 27th, 2014
OSB Daily Technical Analysis for November 27, 2014 EURUSD edged higher after making a brief dip below the 1.25 handle. Market appears to be looking for a further push higher with next resistance in the 1.2555-95 area. Support below ...
FOREX – Euro dips as Spanish consumer prices fall more than expected
November 27th, 2014
The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy. The euro ...
Legal Fight Pits Sellers of Energy Against Buyers
November 27th, 2014
Over the past few years, the federal government has nurtured the growth of an odd kind of player in the energy markets: companies that recruit consumers to unplug themselves when electricity use is high, in exchange for a price ...
Asia shares edge higher, oil tumbles to four-year low
November 27th, 2014
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by ...
Toyota recalls more cars for dangerous Takata air bags
November 27th, 2014
Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that a safety crisis around the Japanese auto parts maker is far from contained. Toyota’s action ...
Gold Extends Slide to Lowest in Week as Silver, Platinum Decline
November 27th, 2014
Gold fell to the lowest level in a week as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Silver, platinum and palladium decreased. Bullion for immediate delivery lost ...
Norway’s Krone Declines on OPEC as Dollar Falls on Growth Doubt
November 27th, 2014
The Norwegian krone dropped the most in a month against the dollar and was within 0.6 percent of a five-year low as oil ministers meet in Vienna to discuss output levels. The currency of Europe’s largest crude producer weakened ...
Funding secured for Tesco shareholder class action
November 26th, 2014
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will fund legal action on behalf of shareholders who are claiming ...
Wednesday November 26: OSB Daily Technical Analysis – Currency pairs
November 26th, 2014
OSB Daily Technical Analysis for November 26, 2014 Continuation of bounce back from the 1.2360 low with the 1.2510 area (20 DMA) the next resistance to upside push. A close above extends to the 1.2560-80 area. Support below in ...
What Greek accounting woes can teach Asia
November 26th, 2014
Asia should care about Greece, because it offers two important lessons. One, that “Greek accounting” triggered the European crisis and weakened an important trading partner to Asia. Two, that weak Greek government financial management and reporting impaired trust and ...
