When we presented the news about yesterday’s UniCredit rights offering we said that “a UniCredit 7.5 billion new stock issue pricing at a whopping 43% discount to market price shows that fair value of actual demand for European banks is about half of where the artificially propped up price is.”… read full news Published: Fri,… »
Archive for January 5th, 2012
Unicredit Lost 30% Of Its Market Cap In Two Days
Thursday, January 5th, 2012Preview: German Factory Orders to End Week of Mixed Data
Thursday, January 5th, 2012The German economy is the locomotive behind the euro zone. Recent data from Germany has been relatively supportive and on aggregate will help boost Euro-zone wide data. On Friday we get a leading indicator for the manufacturing sector the latest reading on factory orders. More factory orders means… read full news Published: Fri, 06 Jan… »
On Eve of $41 Billion MF Global Bankruptcy Filing, Jon Corzine Was Chteau Shopping in France
Thursday, January 5th, 2012</ In an exclusive report from three of Vanity Fairs premier business writerscontributing editors Bryan Burrough, William D. Cohan, and Bethany McLeanthe February issue delivers a sprawling account of the personal and professional battles of Jon Corzine, the former Goldman Sachs C.E.O. and ex… read full news Published: Fri, 06 Jan 2012… »
EURUSD: Violates The 1.2874/56 Levels
Thursday, January 5th, 2012With continued sell off breaking the 1.2874/56 levels during Thursday trading session, further bearish momentum is expected in the days ahead. This will leave the risk of further weakness towards its Sept 2010 low at 1.2703 where a breach will set the stage for further declines towards the 1.2587… read full news Published: Fri, 06… »
Fed: Total Dollar Swap Facility Borrowings At $99.823 Billion
Thursday, January 5th, 2012Fed: Total Dollar Swap Facility Borrowings At $99.823 Billion read full news Published: Fri, 06 Jan 2012… »
Aussie Is More Than Commodity Currency Now
Thursday, January 5th, 2012The Aussie is starting to look like more than just a commodity currency. In fact, its recent strong performance against the euro indicates that the Australian currency may well be seen as a key alternative as more investors are turned off by the debt problems sweeping across Europe. Towards th… read full news Published: Fri,… »
France mulls nationalizing Dexia
Thursday, January 5th, 2012France mulls nationalizing Dexia, Les Echos says – as expected – things are worse read full news Published: Fri, 06 Jan 2012… »
Sushi Chain Takes $600,000 Loss on Japanese Tuna for Patriotism
Thursday, January 5th, 2012A Japanese sushi chain will take a more than $600,000 loss on the most expensive fish ever sold at Tokyos Tsukiji market as it sells $74 pieces of tuna for $5 apiece. Kiyomura K.K. paid a record 56 million yen ($730,000) for the fish at the markets first auction in 2012. Chefs carved it into… »
USDCHF: Bulls Take Control, Strength Set For The 0.9548 Level
Thursday, January 5th, 2012USDCHF: With the pair strengthening for second day and now testing its minor resistance at the 0.9468 level, further upside risk is expected. This will expose its key resistance at the 0.9548 level where a breach will target the 0.9772 level, its Feb 112011 high. Above here if seen will resume… read full news Published:… »
Illinois Federal Court Imposes $140,000 on FXOpen for Acting as an Unregistered Retail Foreign Exchange Dealer
Thursday, January 5th, 2012<img src="/images/06.01.12/Illinois Federal Court Imposes $140 000 on FXOpen for Acting as an Unregistered Retail Foreign Exchange Dealer.jpg" alt="Illinois Federal Court Imposes $140 000 on FXOpen for Acting as an Unregistered Action part of CFTCs nationwide sweep against foreign currency firms for failure to register under the 2008 Farm Bill, the Dodd-Frank Act, and CFTC… »