The IPO of Gain Capital Holdings (forex.com) will go ahead on Wednesday, December 15th. Michael Greenberg reports about this exact scheduling and says that the valuation will be around $434 million, significantly lower than $536 originally estimated. Gain’s IPO got an informal “green light” after the successful IPO of FXCM held at the beginning of … “Gain IPO – Capital Will Reflect Lower Valuation”
Month: December 2010
Belgium Downgrade Possible by S&P
Credit rating agency S&P warned that it could downgrade the credit rating of the country if there is no government. Belgian politics are in a deadlock for quite a long time. Belgium is the non-official capital of the European Union, but it lacks unity within the country. Contrary to peripheral countries, Belgium is one of … “Belgium Downgrade Possible by S&P”
Eur/Usd Reaches A Two Weeks High – Approaches New Levels
US stock market closed very weak yesterday as prices reversed from its daily highs in the second part of trading session. However, this did not confuse some of the Asian stocks, NIKKEI, HIS and China which all trade in the green territory. As such, current downtrend on the US dollar will likely continue through the … “Eur/Usd Reaches A Two Weeks High – Approaches New Levels”
Canadian Dollar Gains vs. Greenback on Chinese Interest Rates
The Canadian dollar jumped today against its US counterpart as China kept interest rates unchanged, resulting in the advance of the commodities and the stocks and gains of the commodity currencies. The currency declined versus the euro as the North American equities and crude oil pared gains. The interest rates hike in China was already priced in and the markets now try to adjust themselves after the rates increase hasn’t happened. Mark Carney, the Governor of the Bank of Canada, voiced his … “Canadian Dollar Gains vs. Greenback on Chinese Interest Rates”
US Dollar Falls After China Kept Interest Rates Unchanged
The US dollar weakened today as China kept its interest rates unchanged, reducing the concerns about the possible China’s actions to slow the Chinese economic growth and damping the demand for the safer currencies. The market participants were worried that China would raise the interest rates to slow the accelerating inflation, which reached 5.1 percent in November from a year earlier. The possible rates hike and the resulting slowdown of the Chinese growth was concern for everybody … “US Dollar Falls After China Kept Interest Rates Unchanged”
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[Video] Dollar Temporarily Retreating, Technical Level and Calendar Events
In the weekly interview with Julie Sinha on Forex TV, we discussed the sentiment about the dollar, technical levels for EUR/USD, GBP/USD, USD/JPY and AUD/USD and also ran through the major events expecting us this week, before the holidays slow down everything. Enjoy! The Euro bears returned to their caves after a nice bunch of … “[Video] Dollar Temporarily Retreating, Technical Level and Calendar Events”
Iraqi Dinar Weakens on Outlook for Budget Deficit
Iraqi dinar slipped today on the speculation that Iraqi budget would post the deficit next year, decreasing the appeal of the currency. The specialists predict that the budget deficit may reach $18 billion in the next year. On the other hand, the profits, which may increase because of the rising prices for the oil, can turn a deficit to a surplus by the end of 2011. USD/IQD traded at about 1,170.00 as of 13:02 GMT after it closed yesterday at 1,169.08 and reached … “Iraqi Dinar Weakens on Outlook for Budget Deficit”
Moody’s – Negative US Outlook Possible On Tax Cuts
Jamie Coleman reports that Moody’s reacted to the deal on tax cuts in the US – they stated that there’s a higher chance of a negative outlook on the American perfect AAA credit rating over the next two years. US treasury yields are higher once again on this news – ten note yields are at … “Moody’s – Negative US Outlook Possible On Tax Cuts”
Yen Falls vs. Dollar on Signs of Economic Recovery
The Japanese yen fell against the US dollar today on the signs of the economic recovery in the US, including the growing retail sales and the improving consumer confidence. The economists’ estimates show, before the tomorrow’s report, that the retail sales in the US roe 0.6 percent in November, following the growth by 1.2 percent in October. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment showed last week the increase from 71.6 in November to 74.2 in December. USD/JPY went … “Yen Falls vs. Dollar on Signs of Economic Recovery”
Gain Capital IPO This Week
The IPO of Gain Capital (forex,com) is due this week. Gain Capital Holding wishes to be valuated at $536 million. Gain pushed forward with the IPO, pending for quite a long time, after the successful IPO of of FXCM, done at the beginning of the month. FXCM asked and got a valuation of over 1 … “Gain Capital IPO This Week”