Search Results for: dollar
Tuesday October 21: OSB Daily Technical Analysis- Commodities
October 21st, 2014
OSB Daily Technical Analysis for October 21, 2014 Gold rallied higher on Monday hitting resistance at the $1250 area. The close just beneath this price suggests a retest and possible close above in the next several sessions. A close ...
Russia Rating Cut by Moody’s on Sluggish Economic Growth
October 20th, 2014
Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects and an erosion of the country’s reserves amid sanctions over Ukraine. Moody’s downgraded the sovereign one level to Baa2 from ...
Monday October 20: OSB Daily Technical Analysis- Commodities
October 20th, 2014
OSB Daily Technical Analysis for October 20, 2014 Gold closed essentially unchanged after testing resistance at the $1240 area on Friday which proved to be too strong to hold above. This suggests gold is likely to consolidate at this ...
Coinfloor to launch bitcoin fund and trade in broader range of currencies
October 20th, 2014
Coinfloor, the London-based bitcoin exchange, is opening up to a wider range of currencies, according to the FT. It will also raise money from its investors to launch a bitcoin fund next month, taking the company’s value up to ...
StanChart preparing to close bank accounts of thousands of UAE SMEs
October 20th, 2014
Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement. “We regret to notify you ...
Japan Stocks Surge
October 20th, 2014
Japan’s Nikkei share average surged 3.3 percent on Monday and was on track to post its biggest daily rise in more than a year as investors took heart from upbeat U.S. data and as the weaker yen lifted exporters such as Toyota Motor ...
China Credit Growth Climbs as Targeted Easing Kicks In
October 16th, 2014
China’s broadest measure of new credit rose to a three-month high in September as the central bank’s targeted measures to boost liquidity helped spur lending. Aggregate financing was 1.05 trillion yuan ($171 billion), the People’s Bank of China said ...
European stocks open higher
October 16th, 2014
European stocks are opening higher and Bund yields are moving up from record lows as investors bet the latest risk asset sell-off is overdone. Tokyo’s Nikkei 225 equity gauge fell 2.2 per cent after Asia inherited news of a ...
Steep Sell-Off Spreads Fear to Wall Street
October 16th, 2014
Dizzied by the turmoil, Wall Street experts agreed on one thing: The jarring day showed that fear had finally returned to markets that had become disconcertingly complacent. Waves of nervous selling buffeted the stock market in the United States ...
Central bankers may have no quick fix as markets swoon, economy weakens
October 16th, 2014
Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. Stocks slumped again on Wednesday pushing ...
