The Initial Public Offering of forex broker FXCM has been somewhat delayed. The prospectus was made public already on November 15th, and it was expected to happen until the end of the month. Well, it won’t happen until the end of the month, but not much later. TheStreet reports that the FXCM IPO will happen … “FXCM IPO Scheduled”
Month: November 2010
Euro Falls After Ireland Receives Bailout
The euro dropped today after Ireland received the aid and the European policy makers ended discussion of the post-2013 bailouts. The currency was also weakened by the concerns about the Korean conflict. Ireland received its â¬85 billion ($112 billion) bailout. The leaders of the European Union achieved the agreement about providing the rescue to the debt-laden countries without the requirement for the investors to share the losses with the taxpayers. EUR/USD fell from 1.3280 to 1.3164 today as of 11:29 GMT, … “Euro Falls After Ireland Receives Bailout”
Korea’s Won Rebounds as Investors Convert Earnings
The South Korean won rose today as the investors sought to convert their overseas earnings while the exchange rate was favorable. Last week the won dropped after the tension between North and South Korea heated. The South Korean navy together with the US aircraft carrier USS George Washington began four-day drills, while North Korea threatened to retaliate in case its borders would be breached. China said it’s … “Korea’s Won Rebounds as Investors Convert Earnings”
Ireland for Sale
Very unsurprisingly, not everybody in Ireland is happy with the bailout plan. The softest spot is the use of Irish pension funds. The Irish people are risking their retirement money in order to save their banks – actually British, French and German banks that hold Irish banks’ bonds. The main opposition party is furious with … “Ireland for Sale”
Wikileaks Could Boost US Dollar
Wikilieaks is expected to release its latest “leaks” quite soon, exposing communications between US embassies and the State Department in the past 5 years. This will expose not-so-nice thoughts of American policymakers, from the current Obama administration and the former Bush one about foreign leaders. There are speculations that apart from the international embarrassment, the leaks … “Wikileaks Could Boost US Dollar”
Eur/Usd Targeting 1.2950 And Then 1.2500
Eur/Usd fell sharply during the past few weeks from 1.4279 region, where an impulse wave (C) completed a three wave bounce from 1.1875 region. A decline from the highs is very powerfully, and signals for more weakness ahead since the prices also fell below 1.3330 region, which confirms a bearish scenario and invalidates any bullish … “Eur/Usd Targeting 1.2950 And Then 1.2500”
North Korea Has 70,000 Cannons Targeted at Seoul
As the US South Korean naval exercise begins, North Korea deployed surface to surface missiles in the Yellow Sea, and also moved other missiles further south. The North Koreans have vowed that any trespassing of their borders, through land, air or sea, will meet a strong response. And even without these latest movements, North Korea … “North Korea Has 70,000 Cannons Targeted at Seoul”
Spanish House Prices May Be Lower Than Thought – Problem
There isn’t enough reliable information about the prices of homes in Spain. Most of the data is based on asking prices rather than on actual deals. A growing portion of assets held by Spanish banks are foreclosed homes – currently estimated at 60 billion euros. If they’ll need to reassess prices, they’ll be in deeper … “Spanish House Prices May Be Lower Than Thought – Problem”
US Dollar Strengthens Throughout Week on Demand for Safety
The US dollar strengthened this week as the concerns for the spreading of the European sovereign-debt contagion and the worries about the tensions between North and South Korea boosted the demand for the safer assets. The concerns about the European debt crisis increased after the Standard & Poorâs Ratings Services downgraded Irelandâs long-term sovereign rating two steps from AA- to A. Now concerns shifted to Portugal and Spain. The Financial Times Deutschland said that the Eurozone policy … “US Dollar Strengthens Throughout Week on Demand for Safety”
Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover
Lebanese prime minister Saed Hariri, son of murdered former PM Rafik Hariri, is visiting Teheran in an attempt to stop the Iran from taking over Lebanon with Hezbollah, once the tribunal submits the indictments against senior Hezbollah militants. Saed Hariri is spending to days in Teheran, the meeting also with president Ahmadinejad, but his chances … “Saad Hariri Visits Teheran – Tries Stopping Iranian Takeover”