Search Results for: HSBC
Technical Analysis: Currency pairs – Dec 01
December 1st, 2014
Technical Analysis for December 01, 2014 EUR/USD is tried to target 1.25 but eventually retraced lower again. Currently EUR/USD is entering a sideways around 1.24-1.25 and will keep moving in this trading range. A break lower under 1.24 will ...
Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense
November 27th, 2014
The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent of the virtual currency bitcoin. “There is no economic or ...
Officials will interview Traders about currency market manipulation
November 25th, 2014
U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters. Officials from the ...
European Bonds Gain With Stocks as Aussie, Kiwi Decline
November 25th, 2014
Bonds rose and European stocks gained for a third day on prospects for more stimulus as inflation slows. Brent crude traded near a four-year low before a meeting of oil exporters and currencies from commodity-producing nations weakened. Spain’s 10-year ...
Chinese, Russian Lenders to Back Israel’s eToro
November 24th, 2014
Chinese financial powerhouse Ping An and Russia’s largest lender Sberbank are in advanced discussions to back Israeli online trading company eToro, according to people familiar with the matter, as Chinese interest in Israel’s technology sector heats up. The company ...
Emerging Stocks Fall on China, Euro-Area Slowdown; Ruble Gains
November 20th, 2014
Emerging-market stocks fell as manufacturing gauges in China and Germany retreated, dimming the outlook for exporters. The ruble rose as Russian companies sought funds to meet their tax commitments. The MSCI Emerging Markets Index lost less than 0.1 percent ...
Technical Analysis: Currency pairs – Nov 20
November 20th, 2014
Technical Analysis for November 20, 2014 EUR/USD attempts to cross over 1.257 line but failed and it has formed double top at 1.257 level. A break over 1.258 will target 1.257 next and this will bring further heavy bullishness in ...
Yen Falls to Seven-Year Low on Election Outlook as Won Drops
November 20th, 2014
The yen declined to a seven-year low versus the dollar amid speculation Prime Minister Shinzo Abe will win elections and extend his economic stimulus program. Japan’s currency dropped against all except one of its 16 major counterparts. A gauge ...
Permits Rise to Six-Year High as U.S. Housing Starts Decrease
November 19th, 2014
Residential-construction permits in the U.S. climbed in October to a six-year high, pointing to a pickup in homebuilding after activity cooled because of a slowdown in multifamily projects. Groundbreakings for single-family homes, condominiums and apartments fell 2.8 percent to a ...
FX: More scandals … less trust (Video)
November 19th, 2014
The reputation of international banking is under scrutiny once again over another scandal, this time in the foreign currency trading sector. Global regulators have fined major banks in Europe and the US, for foreign exchange market manipulation. The massive fines are not ...
