Search Results for: currency market
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
OSB Daily Technical Analysis
August 20th, 2014
OSB Daily Technical Analysis for August 20, 2014 EUR/USD – bearish short and medium term with more weakness and sharp sell-off barely holding the 1.33 support level. A close below this level might trigger additional selling with next support ...
Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit
August 19th, 2014
The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore’s dollar. The ringgit has gained 4% to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, ...
OSB Daily Technical Analysis
August 19th, 2014
OSB Daily Technical Analysis for August 19, 2014 EUR/USD – consolidating at these levels, remains bearish. The EUR remains weak while it retests support levels at the 1.33 area. No signs of strength with strong possibility to continue downward ...
Bitcoin’s price falls, but without serious trading consequences
August 19th, 2014
The last few days bitcoin has been in a bit of a downturn. On Monday, the price of Bitcoin dropped nearly 12 percent, to $435.60 from $492.95, according to the virtual currency website CoinDesk, its lowest value since May ...
Deepening Gloom in Australia Poses Challenge to RBA
August 18th, 2014
A deepening gloom across the largest developed economy to escape recession during the global financial crisis is shaping up as one of the toughest challenges yet for Reserve Bank of Australia chief Glenn Stevens. While policy makers from the ...
Asia shares up after Wall St recovers from Ukraine-driven slide
August 18th, 2014
Asian stocks stalled and the dollar sagged against the safe-haven yen on Monday, as another bout of tensions in the Ukrainian conflict sapped investor confidence. Spreadbetters are picking European shares, which already had a chance on Friday to absorb ...
OSB Daily Technical Analysis
August 18th, 2014
OSB Daily Technical Analysis for August 15, 2014 EUR/USD – Looking bullish, possible move higher GBP/USD – Bearish, looking to test 200 DMA EUR/JPY – EUR consolidation against JPY NZD/USD – Bullish, testing 200 DMA USD/CAD – Correction following ...
Asia shares up as investors bank on more stimulus
August 14th, 2014
Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic contraction in Japan, ...
OSB Daily Technical Analysis
August 14th, 2014
OSB Daily Technical Analysis for August 14, 2014 EUR/USD: downtrend and weakness remain intact GBP/USD: at key turning points looking to test 200 DMA EUR/JPY: looking to test 20 DMA with potential push to retest 200 DMA ...
