Archives
OPEC inaction halts Europe rally; dollar firms
November 28th, 2014
Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude LCOc1 touched a low of $71.12 a barrel after settling at ...
Investor puts Italy’s losses from Russia-EU sanctions at over €20 billion
November 27th, 2014
The mutual sanctions between Russia and the European Union this year will cost Italy around €20-22 billion, which is higher than official estimates, an Italian investor said on Thursday. “We speak of around €20-22 billion in net loss this ...
Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense
November 27th, 2014
The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent of the virtual currency bitcoin. “There is no economic or ...
CySec: acquisition of Administrative Services Providers (ASP) licence
November 27th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Egard Management Ltd Delta Quest (Nominees) Limited TMF ...
Thursday November 27: OSB Daily Technical Analysis – Indices
November 27th, 2014
OSB Daily Technical Analysis for November 27, 2014 The S&P 500 edged higher in what was a relatively light trading session. Consolidation likely to continue with any pull backs been met with buyers looking for value. Tight trading range ...
Thursday November 27: OSB Daily Technical Analysis – Commodities
November 27th, 2014
OSB Daily Technical Analysis for November 27, 2014 Tight trading range for Gold on Wednesday which continues to consolidate and bounce around in the $1200 area. Pair likely to remain in the $1210-$1190 band for now. Neutral session for ...
Thursday November 27: OSB Daily Technical Analysis – Currency pairs
November 27th, 2014
OSB Daily Technical Analysis for November 27, 2014 EURUSD edged higher after making a brief dip below the 1.25 handle. Market appears to be looking for a further push higher with next resistance in the 1.2555-95 area. Support below ...
FOREX – Euro dips as Spanish consumer prices fall more than expected
November 27th, 2014
The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy. The euro ...
Clive Palmer case in court: dense legal wrangling with a cast of hundreds
November 27th, 2014
Big money, big legal teams and a big call to make against a larger-than-life tycoon turned political phenomenon. But at the end of another round of labyrinthine legal argument, the accusations against Clive Palmer made by his former Chinese ...
Legal Fight Pits Sellers of Energy Against Buyers
November 27th, 2014
Over the past few years, the federal government has nurtured the growth of an odd kind of player in the energy markets: companies that recruit consumers to unplug themselves when electricity use is high, in exchange for a price ...
