Search Results for: Markets
Pound Suffers on Scotland Poll
September 8th, 2014
Sterling dropped as opinion polls highlighted the risk Scotland will vote for independence next week, potentially splintering the U.K.’s 307-year-old union. Britain’s currency slid to the weakest against the dollar since November after a poll by YouGov Plc showed ...
Japan’s GDP Contracts Sharply
September 8th, 2014
A revised reading on Japan’s gross domestic product (GDP) showed the economy contracted an annualized 7.1 percent in the second quarter, worse than initial estimates of 6.8 percent as a nationwide consumption tax that took effect in April dragged ...
OSB Daily Technical Analysis – Currency pairs
September 8th, 2014
OSB Daily Technical Analysis for September 8, 2014 EUR/USD Profit taking and a higher close in the EURUSD on Friday following Thursday’s sharp decline. Failure to trade intraday above 1.30 suggests this round figure is a strong resistance level ...
Tax Boss Who Took On Pacquiao Chills Asian Bond Market
September 5th, 2014
Philippine inland revenue boss Kim Henares is taking her four-year fight against tax evasion to the capital markets, slowing record corporate bond sales. Henares issued a ruling in January requiring companies to list the names of all investors receiving ...
Promise From European Central Bank Is Also a Gamble
September 5th, 2014
By promising to rev up the printing presses, the European Central Bank has created hope in the markets that Europe may finally start to overcome its economic challenges. Yet the central bank is taking a big gamble in directing ...
OSB Daily Technical Analysis – Currency pairs
September 5th, 2014
OSB Daily Technical Analysis for September 5, 2014 EUR/USD Collapse of the EURUSD losing two big figures after the ECB announcement caught markets off guard on Thursday by announcing a rate cut. Serious damage to the chart with next ...
No Matter the Outcome, Scottish Vote Will Shake U.K.
September 5th, 2014
Until this week, almost nobody outside Scotland took very seriously the possibility that Europe’s most stable and durable nation, the only big country on earth not to have suffered invasion, revolution or civil war at any time in the ...
Fed’s Powell says alternative to Libor needed
September 5th, 2014
The U.S. Federal Reserve will accelerate its search for a substitute to the Libor benchmark interest rate to stave off what would be “a horrible mess” if the current system collapses with no alternative, Fed Governor Jerome Powell said ...
CySec: Renouncement of CIF licence
September 4th, 2014
The Cyprus Securities and Exchange Commission (CySec) announced that, on 22nd August 2014, the CIF “Jiffix Markets Ltd“, which provided investment services via the domain www.jfx.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and ...
Asian shares hit seven-year high on Ukraine, ECB hopes
September 4th, 2014
Asian shares steadied near seven-year highs on Thursday, underpinned by hopes of a ceasefire in Ukraine, although a cautious mood prevailed for now ahead of a European Central Bank meeting later in the session. Global shares had rallied on ...
