Archives
GBP/USD extend bearish correction
May 9th, 2014
Pair’s Outlook GBP/USD remains bearish after hitting 2009’s peak, even though the technical indicators are mostly pointing upwards at the moment. The Cable may find support at 1.6858/48, which is created by the weekly PP and 20-day SMA. However, ...
EUR/USD bounced off 1.3958
May 9th, 2014
Pair’s Outlook Soon after touching upon the up-trend resistance and monthly R1 at 1.3958 EUR/USD came under strong selling pressure, which returned the currency pair back below 1.39. Now the exchange rate is attempting to stabilise at 1.3845/29 (weekly ...
Yen at 85 Seen by Tokai Predicting BOJ Policy Miss: Japan Credit
May 9th, 2014
The Bank of Japan’s failure to achieve its inflation target will see the yen rebound to the highest since 2012, reversing the results of its unprecedented stimulus, according to Tokai Tokyo Securities Co. The currency will strengthen beyond 85 ...
Draghi Sets Clock Ticking for June Stimulus by ECB
May 9th, 2014
Mario Draghi has given himself a month to craft a new fix to the European Central Bank’s deflation angst. Cutting the euro area’s benchmark interest rate to a record tops the list of options for the ECB President after ...
European Stock-Index Futures Little Changed Amid Earnings
May 9th, 2014
European stock-index futures were little changed, after the Stoxx Europe 600 Index climbed yesterday to its highest level in more than six years, as investors weighed corporate earnings. U.S. index futures and Asian shares were also little changed. Publicis ...
Cameras will be in British courts ‘within five years’ claims former top prosecutor
May 8th, 2014
Cameras could broadcast live from criminal courts in Britain within the next five years, the ex-top prosecutor Keir Starmer has predicted. The former Director of Public Prosecutions said the heightened interest in trials televised abroad such as that of ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
U.S. Stocks Fluctuate as Tech Shares Slide, Tesla Drops
May 8th, 2014
U.S. stocks fluctuated, following the biggest advance in three weeks for the Standard & Poor’s 500 Index, as technology stocks declined for a third day and Tesla Motors Inc. and Priceline Group Inc. slumped. The S&P 500 (SPX) fell ...
Did Putin Just Blink?
May 8th, 2014
Russian President Vladimir Putin has made an art of keeping his detractors off-balance from the start of the crisis in Ukraine. Today, he had even pro-Russian separatists lost for words when he called on them to postpone a May ...
What to Do If You Forgot to Pay Taxes
May 8th, 2014
The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake to do nothing and hope the tax authorities look the ...
