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”
Author: admin_mm
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”
FXCM IPO Scheduled
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”
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”