The IPO of FXCM will probably be held on Thursday, December 2nd, and the general notion about it is good. Towards the IPO, we hear voices that see the FXCM IPO as a good thing. The mid price of one FXCM share is $14 – between $13 and $15. Recent IPOs led by Credit Suisse … “FXCM IPO Will Boost Forex, Price Reasonable”
Month: November 2010
Pound Surges vs. Euro as Concerns About Europe’s Debt Grow
The Great Britain pond climbed against the euro today on the mounting concerns about the debt crisis in the European Union. The pound traded near the opening level versus the US dollar as the UK consumer sentiment unexpectedly declined. The GfK NOP Consumer Confidence Barometer dropped from -19 to -21 in November, while it was expected to remain at the same level. The spread between the Italian securities, maturing in 10 years, and the German bunds surged to more … “Pound Surges vs. Euro as Concerns About Europe’s Debt Grow”
Brazilian Real Pares Losses as Central Bank May Raise Rates
The Brazilian real pared today its previous losses on the outlook for the central bank to increase the interest rates, attracting more investors to the country. The analysts say that the central bank may raise the interest rates to battle the high inflation, which reached 5.2 percent, the highest level in five months. The traders bet that the central bank’s policy makers would perform the interest rates hike on their next meeting on December 8th and they … “Brazilian Real Pares Losses as Central Bank May Raise Rates”
Wikileaks to Expose US Bank Failure?
The recent Wikileaks release of documents exposed lots of interesting data about international relations all over the world. Some data is pure gossip, while other leaks will have an impact on diplomacy for many years. But this bulk of leaks that began on Sunday isn’t over. In an interview with Forbes, Wikileaks’ Julian Assange says … “Wikileaks to Expose US Bank Failure?”
Iran Now Controls Lebanese Army
In Lebanon, the tension is still high towards the expected indictment of Hezbollah members for the murder of former prime minister Rafik Hariri, due on Thursday, December 2nd. In the meantime, prime minister Saad Hariri, son of murdered Rafik, concluded a three day visit in Teheran with an agreement to put the Lebanese army under … “Iran Now Controls Lebanese Army”
North Korea Boasts More Nuclear Force
North Korea boasts it has thousands of more centrifuges in its so called “peaceful” power plant. As far as Western eyes know, this plant in Yongbyon is very sophisticated, but produces only low enriched uranium – used for electricity and not for bombs. Here’s a BBC report: The US scientist reported that the plant did … “North Korea Boasts More Nuclear Force”
Moving Averages – How To Use Them
James Woodley presents three ways to use moving averages, among the best and most used indicators. In his article, he gives a good example on GBP/USD. In the recent collapse of EUR/USD, long term moving averages were used by various analysts to mark long term targets.
Saxo Bank Declared is NOT a Market Manipulator
Danish Saxo Bank, has been under investigation after they were accused of manipulating prices – something that is usually associated with rogue brokers. Well, these allegations were false. Michael Greenberg reports that the investigator closed the case: Oliver Wyman has concluded that there is also no evidence that individual clients have been treated unfairly. It … “Saxo Bank Declared is NOT a Market Manipulator”
Australian Dollar Weakens as Business Profits Decline
The Australian dollar dropped today on the concerns about the Korean conflict and the European sovereign-debt. The currency also fell after the report showed that the business profits in Australia unexpectedly declined. The Australian Company Gross Operating Profits dropped 1.5 percent in the third quarter. It followed the huge increase by 17.0 percent in the second quarter. The median forecast was the increase by 4.3 percent. The Australian currency was also weakened by the concerns about the conflict between … “Australian Dollar Weakens as Business Profits Decline”
Canadian Dollar Rises as Crude Oil Reaches Two-Week High
The Canadian dollar jumped against the euro today as Ireland’s bailout failed to reduce the fears about the European sovereign-debt crisis. The currency also slightly rose versus the US dollar after crude oil reached the highest level in two weeks. January futures on crude oil, the biggest Canada’s export, climbed as much as 2.4 percent to $85.78 per barrel after the prices rose to $85.83, the strongest intraday level since November 12th. The analysts … “Canadian Dollar Rises as Crude Oil Reaches Two-Week High”