Urbanite
Fiscal experts and Wall Street observers Tuesday agreed that Goldman Sachs’ testimony before a Senate panel was more show than substance, but could spark reform.
Australian CPI: 0.9% and 0.7% are the numbers to watch for
Headline CPI is being forecast at 0.9% QoQ and the trimmed mean is being forecast at 0.7%. Anything higher than these will probably see the AUD/USD rally back through .9200 as the chances of a rate hike next week increase. A lower figure might well see stops under .9135 come into focus.
China to suspend capital raisings by property firms
Reuters are reporting that the Chinese government is taking even further steps to slow down the sharp increases in property prices. This suspension of fund raisings by real estate firms comes on the back of changes to the rules concerning 2nd and additional mortgages.
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Your Source for Daily FOREX Market News and Analysis
Near term, there are 5 waves down in the EURUSD from 13420. The pattern is bearish, especially in light of the bigger picture. The rally from 13266 was in 3 waves and has now been completely retraced.
British Pound Threatened If Retail Data Boosts Brown Ahead of Debate
The British Pound may fall if the CBI gauge of retail activity boosts Gordon Brown ahead of this week’s final debate on economic affairs between UK party leaders before the May 6 general election.
Opening Comment 04.27
The Euro has managed to hold up quite well despite ever widening bond spreads in Greece and ongoing concerns over the potential threat of Greek contagion.
William K. Black: 13 Bankers: The American Oligarchs And The Systemically Dangerous Institutions (SDIs) They Rule
It is insane to allow the SDIs to continue to exist and it is doubly insane to allow, much less encourage, them to grow.
William K. Black: 13 Bankers: The American Oligarchs And The Systemically Dangerous Institutions (SDIs) They Rule
It is insane to allow the SDIs to continue to exist and it is doubly insane to allow, much less encourage, them to grow.
EUR/JPY still falling; not much support until 121.05
EUR/JPY has made another fresh hourly low below 122.50 and is showing no signs of stalling. The daily chart has no decent support until 121.05. Initial resistance is at 123.15.
USD/JPY: short term range 91.50/94.50
Exporters didn’t get set above 94.50 so they may move their sell orders down a bit. Semi-official bids such as Kampo are still expected to return at 91.50 so there seems to be no major reason to distrust this range. Play the edges as usual.
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The Pound has continues to trade sideways against most currencies as the upcoming political elections in the U.K. will have a major impact on how the future course of fiscal and monetary policy.
New Drilling On Hold As Gulf Spill Oil Washes Up
Oil from a massive spill in the Gulf of Mexico oozed into Louisiana’s ecologically rich wetlands Friday as storms threatened to frustrate desperate protection efforts. The White House put a hold on any new offshore oil projects until the rig disaster that caused the spill is explained.
Q.&A.: Sanders Looks at Financial Bill From the Left
Senator Bernard Sanders , the Vermont independent, has won a reputation for being one of Wall Street’s toughest critics.
LEADALL: Markets dive after Greek, Portuguese credit ratings cut
Financial markets across the world took a hit Tuesday after ratings agency Standard & Poor’s downgraded Portuguese and Greek credit ratings, fuelling fears that the crisis could spread to other Euro…
AFC draft: Rating top picks, intriguing players to follow
Did the Dolphins trade down too far? Were Tim Tebow and Tyson Alualu massive reaches? Is Eric Berry bound for stardom? Charley Casserly has his own ideas as he analyzes AFC drafts.
Gizmodo Says Computers Seized from Editor Who Covered iPhone
The technology blog said law enforcement officials seized computers from the home of a staff editor who wrote about an Apple iPhone that had been left behind in a bar
Thomas Weisel Buyout Proves That Investment Banking Sector Is Undervalued – cbl
By Chad BrandYesterday Stifel Financial (SF) agreed to acquire investment banking competitor Thomas …
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EUR/CHF: Daily studies have finally turned up from violently oversold readings after breaking to fresh record lows by 1.4145, but weekly and monthly studies are still showing plenty of room for additional upside from here.
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EUR/JPY: Attempts to break above 128.00 have failed thus far, with the market unable to extend gains beyond the figure and towards the 130.00 inverse head & shoulders objective and reversing sharply back below former neckline resistance at 125.00. 123.00 is now the key level to watch below, with a break to officially negate additional recovery prospects and expose the cross to additional …
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*These rates are ONLY indicative and do not include the difference in the bid-ask and should not be used as a benchmark for foreign exchange forward rates.
Ultimate PowerRatings Report: Opportunities in Europe, Pacific and Publishing
With U.S. markets largely overbought, many of the best opportunities will be found in high rated country ETFs and publishing stocks. Traders should also be alert to the potential of profit-taking, which could result in sudden and significant moves lower over the balance of the week.
USD/CAD Anchored by Parity Presents Scalping Opportunity
Following a second test of parity the USD/CAD has begun to consolidate near the major psychological level. Hawkish comments from the BoC lead to the recent Canadian dollar support with string risks appetite also a supportive factor.
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Greater Philadelphia Chamber Welcomes GDF SUEZ Energy Resources as New Member
GDF SUEZ Energy Resources NA, the retail energy business of GDF SUEZ Energy North America and the second-largest provider of non-residential electricity services in the United States, has been granted membership to the President’s Circle of the Greater Philadelphia Chamber of Commerce.
Sybase 365 and FirstCaribbean International Bank Bring Industry-Leading Mobile Banking Technology to the Caribbean
DUBLIN, Calif.—-Sybase 365, a subsidiary of Sybase, Inc. , the global leader in mobile messaging and mobile commerce services, today announced a partnership with FirstCaribbean International Bank to provide customers with mobile banking services enabling them the flexibility and convenience of managing their finances over their mobile phones.
Paladyne Systems Leverages Equinix to Extend Global Reach of Its Application Service Provider Solution
FOSTER CITY, Calif. & NEW YORK & LONDON—-Equinix, Inc. , a provider of global data center services, and Paladyne Systems, Inc., a leading solutions provider to the global hedge fund industry, today announced the deployment of Paladyne’s technology platform into Equinix’s LD4 International Business Exchange™ (IBX® data center, London, United Kingdom.
Secretary of Commerce Gary Locke Remarks at Presidential Summit on Entrepreneurship Washington, D.C.
Good morning. I am honored to address all of you. On behalf of President Obama, I want to welcome you to the Presidential Summit on Entrepreneurship.
Greater Philadelphia Chamber Welcomes GDF SUEZ Energy Resources as New Member
GDF SUEZ Energy Resources NA, the retail energy business of GDF SUEZ Energy North America and the second-largest provider of non-residential electricity services in the United States, has been granted membership to the President’s Circle of the Greater Philadelphia Chamber of Commerce.
Sybase 365 and FirstCaribbean International Bank Bring Industry-Leading Mobile Banking Technology to the Caribbean
DUBLIN, Calif.—-Sybase 365, a subsidiary of Sybase, Inc. , the global leader in mobile messaging and mobile commerce services, today announced a partnership with FirstCaribbean International Bank to provide customers with mobile banking services enabling them the flexibility and convenience of managing their finances over their mobile phones.
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That basically says to exchange currency at a bank yourself, in person. I just want to know why this wouldn’t work. Obviously you wouldn’t have the benefit of leverage, but this would also minimize the risk.
For one thing, there’s no dealer to automatically cancel your existing trade in case you start to lose more money than you can fund, so you could wait for the currency to rise in value again before trading.
Also, you wouldn’t have to lose out on the spread that the dealer makes a profit from.
But what about the fees that banks charge for currency exchange? And is a bank going to be the most economically-efficient place that you could go in order to exchange currency?
Could you actually start to make significant profits through forex by exchanging money yourself through a bank or somewhere else where you could exchange one country’s currency for another’s … instead of going through an online broker?
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Though price action for the benchmark US currency futures contract was extraordinarily choppy this past week, it would nevertheless put in for four consecutive daily advances through Friday.
Using Feedback To Improve Your Trading
Human beings are hard wired to feel certain emotions. The vast majority of us experience fear and greed, especially during the trading and investing process. When we lose money we experience anxiety as trading accounts drop in value.
USDCAD: Rally Fails, Prices Drop Back to Parity
USD/CAD Strategy: Flat Prices continue to consolidate above resistance at 0.9975, the 04/07 low, after a failed attempt at breaking resistance marked by a falling trend line established from the top in early February.