Search Results for: oil prices
Russia Economic Pain Spreads as UBS Cuts Seven Stocks
December 9th, 2014
Russia’s worsening economic crisis is spreading through its corporate bond and stock markets as a tumbling ruble and plunging growth erode confidence in companies recently seen as able to withstand the turmoil. UBS AG cut stock ratings for seven ...
Dollar Gauge at Five-Year High as Kiwi, Aussie Decline on China
December 8th, 2014
A gauge of the dollar headed for its highest close in more than five years after China said imports unexpectedly fell in November, underpinning demand for the currency of the U.S. where growth is beating forecasts. The dollar rose ...
Asian Currencies in Longest Weekly Declining Streak in Six Years
December 5th, 2014
Asian currencies dropped for a sixth week, the longest declining streak since 2008, as economic data boosted demand for the dollar and supported the case for higher U.S. interest rates. Malaysia’s ringgit led losses, falling to a five-year low ...
Black Swans and Crowded Trades
December 5th, 2014
There’s definitely something strange going on in the equity markets at the moment and it surely looks weird. Am I seeing things? The primal emotion of fear certainly does not appear on many traders and fund managers radar ...
Dollar Gains a 7th Week Before Jobs; Yen Drop Spurs Bankruptcies
December 5th, 2014
The dollar headed for a seventh weekly gain, after rising above 120 yen yesterday for the first time since July 2007, as economists predicted U.S. job growth quickened while Japan is in recession and Europe struggles. The U.S. currency has gained ...
The Russian Central Bank Is Intervening Again To Halt A Rouble Collapse
December 4th, 2014
Traders are claiming that the Central Bank of Russia has stepped back into currency markets to halt the rouble’s slide as it continued to fall in early trading on Wednesday. Here’s the evidence — the rouble sudden reversed its ...
Thursday December 4: OSB Daily Technical Analysis – Indices
December 4th, 2014
OSB Daily Technical Analysis for December 4, 2014 The S&P rallied yet again to make a new all time high which is now very the new normal in the US market. Strongly bullish momentum likely to see the S&P ...
Fitch: Petrobras Corruption Scandal Pressuring Credit Quality
December 3rd, 2014
Recent allegations of corruption scandals in Petroleo Brasileiro S.A.’s (Petrobras) contracting practices hold the potential to affect its credit quality to the extent it slows production growth, affects access to debt capital markets, and receives monetary penalties according to ...
Dollar Rises to 7-Year High Versus Yen as Aussie Slides on GDP
December 3rd, 2014
The dollar strengthened to a seven-year high against the yen before U.S. data this week that economists say will back the case for higher interest rates as Japan and Europe ease policy. The greenback was 0.2 percent from its ...
Russia warns of recession in 2015
December 2nd, 2014
The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin to bite. Russia’s economic development ministry estimates the economy will ...
