Search Results for: Fed
ASIC takes civil action against LM founder and former directors
November 20th, 2014
ASIC has started legal action against LM Investment Management Ltd (LMIM) founder, Peter Charles Drake, and former directors, seeking financial penalties and banning orders following the collapse of the Gold Coast-based fund manager. ASIC’s civil penalty proceedings in the ...
ASIC shuts down unlicensed FX business and removes its director from the industry
November 20th, 2014
ASIC has taken action in the NSW Supreme Court to permanently shut down unlicensed foreign exchange (FX) business, Vault Market Pty Ltd (Vault Market), and to remove its sole director, Mr MD Anamul Amin, from the financial services industry. ...
Technical Analysis: Currency pairs – Nov 20
November 20th, 2014
Technical Analysis for November 20, 2014 EUR/USD attempts to cross over 1.257 line but failed and it has formed double top at 1.257 level. A break over 1.258 will target 1.257 next and this will bring further heavy bullishness in ...
Gold Holds Drop Below $1,200 as Dollar Strengthens, SPDR Shrinks
November 20th, 2014
Gold held losses below $1,200 an ounce as a gauge of the dollar traded near the highest level in five years on expectations that U.S. interest rates will rise and assets in the largest exchange-traded product shrank. Bullion for immediate delivery ...
Yen Falls to Seven-Year Low on Election Outlook as Won Drops
November 20th, 2014
The yen declined to a seven-year low versus the dollar amid speculation Prime Minister Shinzo Abe will win elections and extend his economic stimulus program. Japan’s currency dropped against all except one of its 16 major counterparts. A gauge ...
3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
November 19th, 2014
Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies on the planet have already fallen into recession, and ...
Dollar Climbs With European Stocks as Treasuries Decline
November 19th, 2014
The dollar strengthened to a seven-year high against the yen before the Federal Reserve releases minutes of its last meeting, when it ended a bond-buying program. Treasuries and German bunds declined while stocks rose in Europe and the pound gained. The U.S. currency ...
BoE split 7-2 over interest rates; Royal Mail shares dive 8%
November 19th, 2014
Latest Update at 15:04 US markets have opened and ahead of the latest Federal Reserve minutes, due to be released later, they have got off to a downbeat start. After Tuesday’s new record – yes, yet another one – ...
SEC Charges Unregistered Broker With Stealing From Investors in Fraudulent Day Trading Scheme
November 19th, 2014
The SEC alleges that Albert J. Scipione and his business partner solicited investors to establish accounts at their company called Traders Café for the purposes of day trading, which entails the rapid buying and selling of stocks throughout the ...
Japanese shares lose steam, Asian shares slip
November 19th, 2014
Japanese shares gave up early gains on Wednesday as investors booked profits after Prime Minister Shinzo Abe delayed a tax hike and said he would call a snap election to seek a fresh mandate for his economic policies. Asian ...
