Archives
GBP/USD remains bearish
May 14th, 2014
Pair’s Outlook As the Cable failed to rise above the weekly PP yesterday, it extended the decline from 1.70, closing in the end near the weekly S1 and monthly PP. If this area does not provide enough support, then ...
EUR/USD breaks out of rising wedge
May 14th, 2014
Pair’s Outlook Despite the toughness of the support at 1.3754/25 (it was formed by the 100-day SMA, long-term up-trend and monthly S1) and the majority of the monthly indicators being bullish, EUR/USD preserved a downward momentum and breached the ...
What the Kenya Railroad Says About China’s Approach to Africa
May 14th, 2014
When China’s Prime Minister Li Keqiang announced a deal with Kenya to establish a new railroad, whose first stage will link the port city of Mombasa to the capital, Nairobi, he framed the arrangement in terms familiar to Sino-African ...
Reserve Bank of N.Zealand: Financial system sound, but risks remain
May 14th, 2014
Reserve Bank Governor Graeme Wheeler said today when releasing the Bank’s May Financial Stability Report that New Zealand’s financial system remains sound, and well placed to support the expansion in the economy. However, Mr Wheeler warned several risks to the ...
BTC/USD Technical Analysis
May 13th, 2014
Bitcoin continues to range today as neither the bulls nor the bears are able to take hold of the market. During yesterday’s BTC/USD technical analysis, I posted the following hourly chart: When I mentioned, “We can see how price ...
American Shoppers Take Breather After March Retail Sales Surge
May 13th, 2014
American consumers took a respite from going to malls and restaurants as retail sales climbed less than forecast in April after the strongest gain in four years. The 0.1 percent increase followed a revised 1.5 percent surge in March ...
Bundesbank Open to Significant ECB Stimulus in June if 2016 Inflation Forecasts Lowered
May 13th, 2014
Germany’s central bank is willing to back an array of stimulus measures from the European Central Bank next month, including a negative rate on bank deposits and purchases of packaged bank loans if needed to keep inflation from staying ...
Payday Lending: Fixing a broken market
May 13th, 2014
ACCA (the Association of Chartered Certified Accountants) has launched a unique report on payday lending looking specifically at its business model. Called Payday lending: fixing a broken market, the authors Sarah Beddows, an independent consultant, and Mick McAteer from ...
FCA reviews how fund charges are set out
May 13th, 2014
The British Financial Conduct Authority (FCA) said today that firms must present their fund charges clearly and consistently, so that retail investors are able to compare charges before making decisions on where to invest. The recommendation follows a review ...
SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition
May 13th, 2014
The U.S. Securities and Exchange Commission has charged three former sales managers at San Diego-based Qualcomm Inc. with insider trading ahead of a major acquisition announcement. The SEC alleges that Derek Cohen, Robert Herman, and Michael Fleischli learned through ...
