Search Results for: Swiss
GBP/USD records 100+ pip rally
May 7th, 2014
Pair’s Outlook Despite the different directions implied by the various technical indicators, GBP/USD soared through the nearest resistances and reached the 2009 highs at 1.70. Since this level is likely to be a tough obstacle (reinforced by the monthly ...
EUR/USD breaks major resistance at 1.39
May 7th, 2014
Pair’s Outlook Instead of declining from 1.39, a multi-year down-trend, the Euro notably appreciated, as was suggested by the technical indicators. Considering that the signals remain strongly positive, the rally may extend further, at least up to the rising ...
USD/CHF retains bearish outlook
May 5th, 2014
Pair’s Outlook At first the new up-trend support line triggered a rally in USD/CHF, forcing it to surge all the way to 0.8832/31. But subsequently the currency pair did not manage to withstand the selling pressure and was broken. ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
CEOs must act before HMRC’s investigations
April 30th, 2014
The phenomenal pace of international tax transparency initiatives continues to accelerate. Chancellor of the Exchequer, George Osborne, announced at the G5 finance ministers’ meeting this week that agreements for the automatic exchange of information between the UK, France, Germany, ...
USD/CHF rebounds from 0.88
April 30th, 2014
Pair’s Outlook Since USD/CHF closed beneath the monthly PP and 55-day SMA, it was expected to extend the losses. However, it turned around ahead of the weekly S2 at 0.8764 and decided to return to the down-trend line at ...
USD/JPY unable to breach monthly PP
April 30th, 2014
Pair’s Outlook USD/JPY seems to have once again failed at 102.72/56 (monthly PP and 100-day SMA), thereby calling into question the currency pair’s ability to recover in the long run. Still, being that the key supports remain intact, such ...
EUR/USD plummets from 1.39
April 30th, 2014
Pair’s Outlook As soon as EUR/USD approached 1.39, it was immediately sold off down to the support are around 1.38, which consists of the monthly PP and 55-day SMA. And while this may potentially alleviate the downward pressure due ...
European Stocks Climb Amid Earnings as Fed Meeting Starts
April 29th, 2014
European stocks rose for a second day as companies from Deutsche Bank AG to ABB Ltd. reported earnings and the Federal Reserve begins a two-day policy meeting. U.S. stock-index futures advanced, while and Asian shares were little changed. Deutsche ...
