Search Results for: banks
USD/CHF refuses to decline
April 28th, 2014
Pair’s Outlook After opening with a downside gap USD/CHF changed the direction and it is now moving back to the down-trend resistance. Still, the outlook on the currency pair remains bearish for the time being, as none of the ...
USD/JPY gets closer to key support
April 28th, 2014
Pair’s Outlook USD/JPY failed to find support in the face of the weekly PP and 38.2% Fibo and fell last week. Nonetheless, there are strong supports nearby that may reverse the bearish tendency and trigger buying interest. One of ...
GE Battles for Alstom as Siemens Wins French Support
April 28th, 2014
Jeffrey Immelt is trying to defend General Electric Co. (GE)’s largest-ever acquisition, after French officials imperiled the attempt by urging Alstom SA (ALO) to consider a rival offer from Germany’s Siemens AG. (SIE) The chief executive officer of GE ...
S&P upgrade Cyprus on better economic performance
April 25th, 2014
Credit rating agency Standard & Poor’s is more upbeat about Cyprus’ public finances following a better-than-expected performance since the country’s financial rescue a year ago. The agency upgraded Cyprus’ rating by one notch to B and said the outlook ...
USD/JPY feels support from 102.20
April 25th, 2014
Pair’s Outlook As it turns out, the support at 102.20, consisting of the weekly PP and 38.2% Fibonacci retracement of the November-December advancement, should be enough to keep the pair afloat. Once USD/JPY stabilises, it will be expected to ...
GBP/USD stuck at Feb high
April 25th, 2014
Pair’s Outlook GBP/USD refused to leave the vicinity of 1.6822/14, being backed up by the nearest supports, such as the weekly PP and 20-day SMA. Therefore there are still considerable risks that the Sterling is going to surpass the ...
EUR/USD heads towards 1.39
April 25th, 2014
Pair’s Outlook With certain difficulties, but EUR/USD seems to have finally overcome the monthly pivot point. Accordingly, there is a good chance that the upward momentum will persist until the currency pair reaches the major falling trend-line at 1.39. ...
HKEx and Minsheng sign MOU
April 24th, 2014
Hong Kong Exchanges and Clearing Limited (HKEx) and the Hong Kong branch of China Minsheng Banking Corp, Ltd (Minsheng) today (Wednesday) signed a memorandum of understanding (MOU) for strategic cooperation on solutions for market users and product development. The ...
USD/CHF to cede ground
April 24th, 2014
Pair’s Outlook As the resistance at 0.8857 proved to be impenetrable, the bias towards USD/CHF is fairly negative. The currency pair could ultimately give up more than two figures to arrive at 0.86 (2011 lows) before regaining the upward ...
GBP/USD confirms resistance 1.6222/14
April 24th, 2014
Pair’s Outlook Although at first it seemed as if the resistance at 1.6822/14 is about to be breached, later in the day the bears moved GBP/USD away from the Feb high. But, unless the price falls beneath the nearest ...
