Archives
EUR/USD Daily Outlook
May 22nd, 2014
EUR/USD dips through 1.2647 temporary low and intraday bias is back on the downside. Recent development suggests that the larger up trend has completed at 1.3993 on bearish divergence condition in daily MACD, with break of channel support. Further ...
Facebook, Google Balk at Loophole in Bill to Rein in NSA
May 22nd, 2014
A group of technology companies, including Facebook Inc. (FB), Google Inc. (GOOG) and Apple Inc. (AAPL), said the bill U.S. lawmakers plan to vote on today to limit National Security Agency spying doesn’t go far enough. The legislation “has ...
USD/JPY Daily Outlook
May 22nd, 2014
USD/JPY recovered after dipping to 100.82 and intraday bias is turned neutral first. As long as 102.36 resistance holds, deeper decline is still expected. Break of 100.75 key support will confirm resumption of whole decline from 105.41 and should ...
BNP Case Shows French Companies Learn U.S. Law Hard Way
May 22nd, 2014
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...
European Stock-Index Futures Advance After Fed Minutes
May 22nd, 2014
European stock-index futures climbed, indicating equities may rise a second day, as minutes from the latest Federal Reserve meeting showed policy makers expect the inflation rate to remain below their target, and as Chinese manufacturing data beat estimates. U.S. ...
EUR/AUD Daily Outlook
May 22nd, 2014
Intraday bias in EUR/AUD remains neutral for the moment. he bullish convergence conditions in 4 hours and daily MACD started to argue that a bottom is already in place. And, the correction from 1.5831 might have completed a five ...
EUR/JPY Daily Outlook
May 22nd, 2014
With 139.87 minor resistance intact, deeper decline is still expected in EUR/JPY. Consolidation pattern from 145.68 is in the third leg and current fall should target 136.22 support. However, break of 139.87 will dampen this immediate bearish view and ...
GBP/JPY Daily Outlook
May 22nd, 2014
GBP/JPY rebounded strongly ahead of 169.50 support and intraday bias is turned neutral first. Overall outlook is unchanged. price actions from 174.84 are viewed as a consolidation pattern. In case of another rise, strong resistance should be seen form ...
JPMorgan’s Problem of “Sons and Daughters” program is widely practice
May 22nd, 2014
The long investigation of JPMorgan’s hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank’s former vice president of investment banking in Asia. Fang Fang, who has been released ...
SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited
May 21st, 2014
The Securities and Futures Commission (SFC) has reprimanded ICBC International Capital Limited (ICBCI Capital) and ICBC International Securities Limited (ICBCI Securities) (collectively ICBCI) and fined them $12.5 million respectively in relation to their role in the initial public offering ...
