Archives
EUR/USD breaches 55-day SMA
April 22nd, 2014
Pair’s Outlook Despite a plethora of ‘buy’ signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact. This fact jeopardises the short-term bullish outlook we were inclined to believe in yesterday. Now ...
IASB starts ‘long journey’ to overhaul macro hedging
April 22nd, 2014
THE WAY banks account for financial risk is to fundamentally change as part on an overhaul to macro hedge accounting proposed by the IASB. Banks generally manage interest rate risk on a portfolio basis but are required to use ...
AUD/USD – Near Two Week Low around Key 0.93 Level
April 22nd, 2014
The last couple of weeks has seen the Australian dollar drift lower from resistance just below 0.95 after reaching a six month high in that area. Over the last month or so the 0.93 level has become very significant ...
Spanish banks face tough rivalry in small companies bet
April 22nd, 2014
Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
Fannie, Freddie cut housing-market forecasts for 2014
April 22nd, 2014
On the heels of a choppy first quarter, federally controlled mortgage-finance giants Fannie Mae and Freddie Mac have cut their forecasts for the U.S. housing market’s performance in 2014. Doug Duncan, Fannie’s FNMA chief economist, said Monday that he ...
Americans still don’t trust the stock market
April 22nd, 2014
More than five years after the financial crisis, the average American is still wary of the stock market, according to a survey released Monday. The survey of over 1,000 households by Bankrate.com showed that 73% are “not more inclined ...
Japan exports growth slows sharply, keeps pressure on BOJ to act
April 22nd, 2014
Japan suffered its worst annual trade deficit in March as exports growth slowed to its weakest in a year, suggesting a rapid loss of economic momentum that may prompt policy makers into early action as a national sales tax ...
Dollar Gains 7th Day as Economic Data Signal Growth
April 22nd, 2014
The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy. The yen ...
GBP/USD – Settles Around Key Level of 1.68
April 22nd, 2014
The last few days has seen the GBP/USD slowly edge back towards the key 1.68 level after moving to a multi-year high near 1.6850 within the last week. The last month has seen a steady climb higher from a ...
