Although the pair is attempting a recovery higher, price hesitation has set in after losing upside momentum at 1.2816 level during tuesday trading session.This suggests the resumption of its broader medium term downtrend could be building up. In such a case, the 1.2664 level, its Jan 092012 low… read full news Published: Wed, 11 Jan… »
Archive for January 10th, 2012
EURUSD: Loses Recovery Momentum, Price Hesitation Sets In
Tuesday, January 10th, 2012U.S. Stocks Advance to Five-Month High
Tuesday, January 10th, 2012U.S. stocks rose, sending the Standard & Poors 500 Index to its highest level since July, amid bets that China may act to spur economic growth. All 10 groups in the S&P 500 advanced as financial, commodity and industrial shares had the biggest gains. Bank of America Corp. (BAC) and Caterpillar … read full news… »
The wheels are falling off in Greece again
Tuesday, January 10th, 2012Dow Jones: Greece likely to need more money than agreed in October, Greece, EU prepared to drop voluntary restructuring procedure, Greek haircut to be 50%, announced next week, It is a rat hole. Pour as much money as you like down it, it cannot be filled. read full news Published: Wed, 11 Jan 2012… »
Why Everything In The World Is Rallying Except The Lonely Euro
Tuesday, January 10th, 2012Where’s that big euro short-squeeze everybody is looking for? Currency market geeks have been abuzz about the massive level of short positions against the euro as reflected in the weekly CFTC data and how it could mean that, any minute now, there would be a face-ripping short-covering squeeze in … read full news Published: Wed,… »
The World’s Most Expensive Business Card Costs $1,500, Is Made From Swiss Metal And Studded With Diamonds
Tuesday, January 10th, 2012If you think business cards just help you share your contact details, you need to up your luxury quotient a bit. Keeping in mind those “ultra high net worth individuals” who believe in expanding their network by socializing with like minded people, Black Astrum is out with a customized Signature… read full news Published: Wed,… »
Retail FX Traders Going Mobile In Droves
Tuesday, January 10th, 2012There’s a long-standing rule in Jared Johnson’s household: no smartphones, iPads or foreign-exchange trading at the dinner table. Johnson, an Indianapolis-based financial services broker who trades currencies on the side, is one of a rapidly growing number of retail foreign exchange clients using… read full news Published: Wed, 11 Jan 2012… »
Bunds and Treasury Yields Narrow
Tuesday, January 10th, 2012Despite the increase of product, US Treasury yields continue to fluctuate ahead of this weeks three US issues totaling $66b. German Bunds on the other hand are definitely trading under pressure, falling for the first time in four days, ahead of the Merkel and Christian Lagarde meet later this… read full news Published: Wed, 11… »
How low will the euro go?
Tuesday, January 10th, 2012Investors have been unnerved for more than a year now about the future of the embattled euro zone. Bond yields for the zone’s troubled peripheral countries soared, as investors lost faith that Greece and others would be able to pay back its huge debts. And as Europe’s ongoing crisis seeped into… read full news Published:… »
EU to meet sooner on Iran embargo, still split on details
Tuesday, January 10th, 2012European Union governments agreed on Tuesday to bring forward a foreign ministers’ meeting expected to decide on an oil embargo on Iran by one week to Jan. 23, but were unable to agree when a ban should be imposed. In a statement confirming the new date, the EU said the meeting was being brought …… »
Why Economists are Rooting for Inflation
Tuesday, January 10th, 2012In most peoples minds inflation is up there with unemployment as one of the main ills you dont want an economy to come down with. But in fact a growing number of economists are arguing that rising prices are exactly what we need to cure our the current economic maladies. It may not be the… »