Search Results for: Euro
German regulator BaFin finds currency manipulation evidence
May 21st, 2014
BaFin, the German regulator, said it had found concrete evidence that traders attempted to manipulate the global currency market, making it the first financial watchdog to confirm that suspicions of wrongdoing have clear grounds. Raimund Röseler, the head of ...
China’s Lenovo sees 29% jump in full year net profit
May 21st, 2014
The world’s biggest personal computer maker has reported a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry. Lenovo earned a record $817m (£485m) in net profit for ...
EUR/USD sandwiches between monthly S1 and 200-day SMA
May 21st, 2014
Pair’s Outlook The currency pair remains completely motionless, even though the daily and especially monthly technical indicators imply elevated volatility in the exchange rate. For EUR/USD to return to being active it has to breach either the monthly S1 ...
US pivotal to OECD tax plan
May 20th, 2014
It’s becoming increasingly apparent that the OECD’s plan to reduce tax base erosion and profit-shifting, as laudable as it is, is hugely reliant on the US making significant and drastic alterations to its corporate regime if it is to ...
CySec: regarding the harmonized implementation of T+2 as standard settlement
May 20th, 2014
CySec has issued a press release regarding the harmonized implementation of T+2 as standard settlement period in OTC Secondary Markets for transferable government securities as of 6 October 2014 by the 28 member states, as follows: The text of the ...
The Greek Bond Dump
May 20th, 2014
Here’s a chart showing Greece’s 10-year bond yield during the past 10 days: Here’s what happened. On Thursday, speculation swept the markets that the government was about to levy a retroactive tax on profits made on trading Greek government ...
Oil is above $102 as Libya tensions continue
May 20th, 2014
The price of oil hovered above $102 a barrel Tuesday as the threat of further violence in Libya threw into question the country’s ability to ramp up its crude exports. Benchmark U.S. crude for July delivery was up 18 ...
EUR/USD is likely to breach 200-day SMA
May 20th, 2014
Pair’s Outlook EUR/USD is still lacking momentum. From the upside the currency pair’s movements are restricted by the monthly S1, but there are also additional resistances represented by the 100-day SMA and up-trend line at 1.3760 and by the ...
Central Bank Gold Agreement
May 19th, 2014
ECB and other central banks announce the fourth Central Bank Gold Agreement as follows: The European Central Bank, the Nationale Bank van België/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of ...
Gunmen Storm Libya Parliament as Violence Grips Oil-Producer
May 19th, 2014
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday ...
