Archives
Friday November 7: OSB Daily Technical Analysis – Commodities
November 7th, 2014
OSB Daily Technical Analysis for November 7, 2014 Gold managed to halt its downswing on Thursday with a brief attempt to climb higher testing resistance at the $1150 area. Gold appears to be supported at the $1140 area and ...
Friday November 7: OSB Daily Technical Analysis – Currency pairs
November 7th, 2014
OSB Daily Technical Analysis for November 7, 2014 EUR/USD sold off breaking and closing below the 1.24 handle on Thursday making a new two year low. Support at 1.2350-30. A close below extends to 1.22 in the short term. ...
Canada and China to Set Up Yuan Trading Hub in Canada
November 7th, 2014
Canadian Prime Minister Stephen Harper will announce the establishment of a trading hub for the Chinese currency in Canada during a state visit to Beijing starting today, according to a person familiar with the matter. The deal will allow firms to exchange Canadian ...
Asian shares slump, euro wallows near lows
November 7th, 2014
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in ...
Australia 200 – Consolidates Above Support at 5500
November 7th, 2014
Australia 200 for Friday, November 7, 2014 The Australia 200 index has enjoyed a solid resurgence over the last month after getting much needed support from the 5200 level, which has resulted in it moving back above the 5400 ...
Foreign Investment Key To India’s Energy Future
November 7th, 2014
For a country of the size and complexity of India, there can be no easy solution to a problem as fundamental as giving the whole country access to steady power. With coal contributing about 60% to Indian power generation, ...
BofA triples third-quarter loss due to forex legal expense
November 7th, 2014
Bank of America Corp (BAC.N) tripled its third-quarter loss to $232 million, in a revision that added legal costs related to global investigations into foreign exchange trading at major banks. Regulators are investigating allegations that dealers colluded and manipulated key ...
Texas man charged in first-ever bitcoin Ponzi scheme
November 7th, 2014
In the first federal securities case involving a Ponzi-scheme using the digital currency, a Texas man was charged Thursday in New York with defrauding investors of millions of dollars worth of bitcoin. Trendon Shavers, 32, was arrested at his ...
Twitter stock: A disappointing first year
November 7th, 2014
Twitter (TWTR) sold shares to investors exactly one year ago today — and it’s been disappointing lesson for most regular investors. Privileged investors are up big on Twitter – but most everyone else found out how expensive hype can be. ...
In Japan, Moves to Stimulate Economy Reach a Critical Stage
November 6th, 2014
In Japan – Hiroyuki Hara has increased prices at his flower shop in recent months, part of a broad reversal of the deflation that has long plagued Japan’s economy. Japan’s audacious campaign to reinvigorate its economy is entering a ...
