Panda TS, which makes products for the forex market, announces a new product for forex brokers that aims to simplify and to lower costs. It allows the integration of the popular MetaTrader 4 platform with other systems that already exist. All the details are in the press release here: Panda TS (Panda TS), a global … “Panda Sync Server – MetaTrader 4 to Proprietary Trading”
Month: November 2010
Anglo Irish Haircut Begins
The troubled Anglo Irish bank, which was the “early bird” of the current big debt crisis in Ireland is restructuring its debt. This means that some bond holders just won’t get the money back. More details here on Alphaville. Tracy Alloway notes: To be sure, this was largely expected* by the market, given recent bondholder … “Anglo Irish Haircut Begins”
EUR/USD Elliot Wave Video – Deep Lows Ahead
US dollar gained sharply in recent sessions as North and South Korea exchanged artillery fire and pushed the risky assets lower. Eur/Usd is testing levels around the 1.3300 August highs and also a weekly support line connected from June lows, where a breakout will signal for more losses in coming weeks, down towards the 1.2600 … “EUR/USD Elliot Wave Video – Deep Lows Ahead”
Japanese Yen Strengthens vs. Euro on Korean Conflict
The Japanese yen rose today against the euro after it declined previously as the United Nations called for the talks with North Korea about its attack on the South Korean island, supporting the Asian equities and reducing the demand for the haven. The MSCI Asia Pacific Index of shares reduced its losses to 0.4 percent after it previously fell as much as 1.3 percent. The experts say that if the Korean conflict wouldn’t continue the incident … “Japanese Yen Strengthens vs. Euro on Korean Conflict”
New Zealand Dollar Rebound After Decline
The New Zealand dollar strengthened today after two days of decline on the speculation that the previous drop was exaggerated and the global economic growth would bolster the kiwi. The New Zealand currency dropped yesterday on the concerns for the European debt crisis and the Korean conflict. The economists said that the currency dropped too much and the economic growth should outweigh the bad news, improving the markets sentiment and spurring the commodity currencies. NZD/USD advanced from 0.7587 … “New Zealand Dollar Rebound After Decline”
Lebanese Tensions Rise On Upcoming Hezbollah Indictment
Fears of a fresh civil war mount in Lebanon as the indictment of Hezbollah members is nearing. The Special Tribunal for Lebanon (STL) probably has evidence linking senior Hezbollah members to the assassination of former Lebanese Prime Minister Rafik Hariri in 2005. A recent article in Canada’s CBC showed a strong link between the group and the murder. The … “Lebanese Tensions Rise On Upcoming Hezbollah Indictment”
Credit Downgrade for Ireland
S&P downgraded Ireland’s credit to A, following the crisis. As the state takes over the banks’ problems, it’s in higher risk. This was widely expected. Any credit downgrades for Spain or Portugal by any of the the agencies: Fitch, Moody’s or S&P will inflict more damage on the struggling Euro. See more in Alphaville.
North Korea – Situation Stabilized
After the incident in the island of Yeonpyeong, the US committed to safeguard its ally, South Korea. Both China and the US agreed that North Korea’s violence is an unwanted action. There’s still no confirmation or denial from North Korea about the rumored death of Kim Jung Il. The US did however mobilize the U.S.S. … “North Korea – Situation Stabilized”
Dollar Strengthens as US GDP & Manufacturing Expands
The US dollar advanced after the report showed that the US GDP and manufacturing expanded and on concerns for the European debt crisis and the Korean conflict. The preliminary report on the US gross domestic product showed that the US economy grew 2.5 percent in the third quarter of this year. The analysts expected the growth by 2.3 percent. The Manufacturing Activity Index of the Federal Reserve Bank of Richmond rose to 9 in November from October’s reading of 5. The expected value … “Dollar Strengthens as US GDP & Manufacturing Expands”
Euro Slumps as Worries About Debt Crisis Reemerge
The euro experienced the sharp drop today as the optimism about Ireland’s bailout waned and the debt problems in other peripheral economies came to attention. The Irish government announced on the weekend that it would ask for the aid from the International Monetary Fund and the European Union. Now attention are turning also to Portugal and Spain, making one the market participants to wonder how long it’ll take for these countries to follow Greece and Ireland with request … “Euro Slumps as Worries About Debt Crisis Reemerge”