The situation in Lebanon is still tense towards the expected publication by the Special Tribunal for Lebanon, investigating the murder of former Prime Minister Rafik Hariri. According to one unconfirmed report, it’s expected on Thursday, December 2nd, but other reports say it will happen until the end of the year. In the meantime, Hasan Nasrallah, … “Hezbollah / Israel Exchange Warnings on Lebanon Tensions”
Category: Forex Bits
Belgian Bond Yields On the Rise as Well
Belgium, the heart of the European Union, also suffers from significant debt, and it isn’t immune to contagion. The gap between Belgian 10 year bonds to the benchmark German bunds rose to 139 basis points. Bloomberg reports: “Belgium has moved to the foreground as investors ask themselves ‘who’s next?’ to ask for help,” said Carsten … “Belgian Bond Yields On the Rise as Well”
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”
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”
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”