Search Results for: banks
USD/JPY under pressure from 55-day SMA
March 27th, 2014
Pair’s Outlook USD/JPY remains unable to penetrate supply zone created by the 20 and 55-day SMAs. Yesterday the moving averages even pushed the rate below the support at 102.07/00, forcing the monthly PP to come into play and prevent ...
EUR/USD fails at 1.3845/31
March 26th, 2014
Pair’s Outlook Although the support near 1.38 did in fact prevent further depreciation of the Euro last week, for now the currency still remains unable to restore an upward momentum. At the moment it is struggling to breach a ...
GBP/USD climbs back above 1.65
March 26th, 2014
Pair’s Outlook Despite a recent dip beneath the 2011 highs and 100-day SMA, GBP/USD managed to recover in a short period of time and it is already testing the weekly PP at 1.6538. If the tendency to pare the ...
USD/JPY stays directionless
March 26th, 2014
Pair’s Outlook Regardless of constant attempts to break the 20 and 55-day SMAs, the resistance stands its ground and does not let the currency pair to rally. Still, given that the support at 102.07/00 is intact and most ...
Why Companies Suffer Large, Unexpected Credit Losses
March 26th, 2014
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the quality of the organization’s finance and credit management process. But ...
CBC: Financial Indicators of stability
March 26th, 2014
The Central Bank of Cyprus has published the basic aggregate financial indicators for the Cypriot banking and co-operative sector, for the fourth semester of 2013, which are based upon the Consolidated Banking Data (CBD) as follows: Financial Stability Indicators ...
Billionaire Sought by U.S. Holds Key to Putin Gas Cash
March 24th, 2014
A detained billionaire who made a fortune as a middleman in Russia’s murky gas trade with Ukraine may hold the key for U.S. lawmakers seeking harsher sanctions against President Vladimir Putin’s inner circle. Ukrainian Dmitry Firtash, arrested in Vienna ...
China Manufacturing Gauge Falls as Slowdown Deepens
March 24th, 2014
China’s manufacturing industry weakened for a fifth straight month, according to a preliminary measure for March released today, deepening concern the nation will miss its 7.5 percent growth target this year. The Purchasing Managers’ Index from HSBC Holdings Plc ...
Russia Staring at Recession on Sanctions
March 24th, 2014
Western sanctions are pushing Russia toward recession and the pain could intensify if U.S. and European leaders turn the screw over tensions in Ukraine. Banks including state-run VTB Capital say the world’s ninth-biggest economy will shrink for at least ...
Asia Stocks Rise as Copper Slips Amid China Stimulus Talk
March 24th, 2014
Asian shares rose, with the regional index rebounding from its biggest two-week decline since June, and the yen fell. Nickel slid after a seventh weekly gain as a preliminary Chinese manufacturing gauge unexpectedly fell, while gold and silver retreated. ...
