Archives
Friday December 5: OSB Daily Technical Analysis – Commodities
December 5th, 2014
OSB Daily Technical Analysis for December 5, 2014 Gold traded within a tight range on Thursday consolidating recent price action and remaining above the $1200 mark throughout the day. Shorter term Gold appears to be in a tight range ...
Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper
December 5th, 2014
The rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 percent cheaper in Hong Kong. It’s a reminder of how froth can overwhelm ...
Friday December 5: OSB Daily Technical Analysis – Currency pairs
December 5th, 2014
OSB Daily Technical Analysis for December 5, 2014 EURUSD sold off in the early session only to bounce off strongly into the 1.2400 level finding resistance at the 1.2450 area near the 20 DMA. Rally driven by ECB announcement ...
Currency trader whizz kid ‘masterminded £5.5m Ponzi fraud’
December 4th, 2014
A foreign currency trader used investors’ cash as his “personal piggy-bank” and blew £1 million in casinos and £500,000 in nightclubs, a court heard. Financial whizz kid Alex Hope, 25, masterminded a £5.5m Ponzi fraud to fund his hedonistic lifestyle ...
Osborne moves to cut spending to 1930s levels in dramatic autumn statement
December 4th, 2014
The chancellor, George Osborne, has set out dramatic plans to move Britain from the red into the black that will see public spending as a percentage of GDP fall to its lowest level since the 1930s and could require ...
ECB Weighs Further Action As Economic Picture Darkens
December 4th, 2014
The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse. With recovery stalled across much of ...
Sony Pictures hack: Leaked Data Reveals A Big Gender Pay Gap At The Top Of Deloitte
December 4th, 2014
In the mid-2000s, the auditing and consulting firm Deloitte had a gender pay problem. The chart below comes from Fusion, which analyzed 2005 salary information for over 30,000 employees. The data was leaked as part of the major Sony Pictures ...
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 ...
Qatar appoints new chief for sovereign fund
December 4th, 2014
Qatar‘s sovereign wealth fund yesterday appointed a member of the emirate’s royal family to replace its chief executive. The Qatar Investment Authority (QIA), which manages as much as $300bn (£191bn), including significant stakes in Barclays, Credit Suisse, Sainsbury’s and London ...
ESMA and Australian Securities and Investment Commission (ASIC) sign MoU on trade repository data
December 4th, 2014
The European Securities and Markets Authority (ESMA) and the Australian Securities and Investments Commission (ASIC) have concluded a Memorandum of Understanding (MoU) on access to data held in European trade repositories . The MoU is effective as of 26 November 2014. The ...
