Archive for January 3rd, 2012

When it comes to Greece and the Eurozone, it is difficult sometimes to tell just who is playing whom. The latest example of the delicate dance within the Eurozone was on display today following the release of a carefully-worded communiqué issued by a Greek government spokesperson. In this… read full news Published: Wed, 04 Jan… »

WJB Capital Group Inc., a Wall Street firm with more than 100 employees, shut its brokerage operations amid financial issues, according to the companys attorney. A decision was made — and I might say it was a very painful decision — that it would terminate its broker-dealer operations, and… read full news Published: Wed, 04… »

Having continued to maintain its downside tone, USDJPY now looks to return to its Nov 182011 low at 76.57. On a clearance of that level, further bear pressure will build up towards the 74.00 level and then the 73.00 level, all representing its psycho levels. Its daily RSI is bearish and pointing… read full news… »

The Federal Reserve will begin later this month to publish a forecast of its own actions, inaugurating a policy that is intended to magnify the power of those actions by shaping the expectations of investors. Readers Comments Share your thoughts. Post a Comment The decision to b… read full news Published: Wed, 04 Jan 2012… »

More than three years have passed since the onset of the 2008 financial crisis, and the economic downturn feels like it may never end. Optimism had run high that 2011 would see a sustainable economic upswing. But those hopes were dashed by a nasty combination of the euro zone debt crisis, spiking… read full news… »

GBP/USD has a range established and respected through Nov and Dec of 2011. The market ended the year breaking the support at 1.5420, and reached 1.5362. However, there was no follow-though, and a strong pullback is invalidating the break, actually suggesting strength. The 4H RSI reading is breaking… read full news Published: Wed, 04 Jan… »

The Italian boss of the ECB named Peter Praet as the new head of economics, defying calls from Berlin that the tradition of a German holding the post to be upheld. … read full news Published: Wed, 04 Jan 2012… »

A buoyant Japanese yen, currently hovering nearly 1 unit above a post-World War II high against the dollar near Y76.70, is one of the major mysteries of the foreign-exchange market. But Credit Suisse says Japan’s lack of price pressures means inflation-adjusted returns remain attractive to invest… read full news Published: Wed, 04 Jan 2012… »

U.S. regulators are embracing a plan devised by the Paris-based Organization for Economic Co-operation and Development that would assign zero risk to most European government debt. Required by Congress to remove credit ratings from banking rules, regulators from the Federal Reserve, the Federal D… read full news Published: Wed, 04 Jan 2012… »

After the holiday party comes the hangover for retailers: handling millions of returns this week. With a Christmas season that has seen record e-commerce sales coming to a close, returns should hit an all-time high on Tuesday for United Parcel Service (UPS.N). The delivery company expects to … read full news Published: Wed, 04 Jan… »