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Archive for October, 2009

Pound Sterling Maintains Advance in Forex Trading

British pound in currency trading The sterling is managing to hold its gains in forex trading on the currency market today. The forex trading, U.S. dollar, Fujii, stock market, risk trade” U.K. pound has been wavering due to economic data coming out of Great Britain. However, the pound sterling is managing to maintain it’s price in [Continue]

Chinese Say That They Will Reach 8% Growth This Year

U.S. dollar weakens in currency trading The U.S. dollar is weakening in currency trading on the FX market as economic news comes in from a variety of corners. Of particular interest right now is the fact that China is saying that it will hit its yearly economic growth goal. So far, China claims, its economy has gown [Continue]

US Dollar Benefits from Risk Aversion but still far from a Trend Reversal

•    British Pound Traders Look Ahead to BoE Minutes to Help Revive Currency’s Rally •    Canadian Dollar Tumbles after BoC Rate Decision as Officials Repeat Concerns over the Currency •    Australian Dollar Bolstered by Yet another Upgrade on the RBA’s Hawkish Policy Stance [Continue]

US Dollar, Japanese Yen Down as DJIA Hits Fresh 2009 Highs

• US Dollar, Japanese Yen Down as DJIA Hits Fresh 2009 Highs • Euro Consolidates Below 1.4965 • British Pound Fails to Break Above Trendline Resistance • Canadian Dollar Gains as Foreign Investment Climbs, Ahead of Bank of Canada’s Rate Decision forex news source If you enjoyed this post, make sure you subscribe to my [Continue]

AUDNZD Still Offering Range Opportunities Despite RBA’s Increasingly Hawkish Tone

Is it better to fight fundamental or technical trends? What if the fundamental bias is defined by the RBA warning the market of its intentions to hike and clearly defining its tolerance for further rate hikes while the chart is offering up a five-month descending trend channel with heavy reinforcement from resistance? forex news source If you [Continue]

Daily Pivot Points

forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]

Crude Rallies an Eighth Session along with Equities

Crude has extended its impressive rally to fresh yearly highs for an eighth consecutive day. This is run is now one bullish close short of matching the recent record-setting advance between July 15th and 23rd – though the current bull wave is far more intense than its predecessor with a 13.6 percent climb. forex news source If [Continue]

Swiss Offshore Banking Demystified

Swiss offshore banking has a solid reputation due to its long history as a centre for wealth management, asset protection, tax-advantaged investment and of course bank secrecy. Its bankers are regarded as some of the most trustworthy and experienced in the world. It also has some of the strictest bank secrecy laws. These state [Continue]

The RBS Bonus Bonanza

The Royal Bank of Scotland is set to dish out record bonuses of up to £5m While these numbers sound especially outrageous, taxpayers were heartened to learn that the bonuses of millions of pounds would only be available for the top 20 staff in the bank, the other employees of the struggling, functionally insolvent institution would [Continue]

Citi, JPM, Wells: Capital Requirements are ’so Great Depression I’

Oct. 16 (Bloomie) — C(sh)itigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. told U.S. regulators that raising capital requirements next year would be lame, and argued that lending and the economic recovery would be harmed. Banks need three years to continue the farce of solvency until I can complete my looting operation and [Continue]

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