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Hollande and Sarkozy in Shift of Power

admin — Sun, 06 May 2012 18:48:52 +0000

Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years. The 57-year-old Hollande got about 52 percent against about 48 percent for Sarkozy, according to estimates by pollsters CSA and Harris Interactive. The campaign isn’t over; France elects its [...]

Morgan Stanley Shorts EUR/USD At 1.3300

admin — Thu, 23 Feb 2012 15:41:47 +0000

(Dow Jones via eFXnews) Morgan Stanley shorts EUR/USD at 1.3300 and will continue selling on rebounds. “Though a finalisation of the Greek bailout and PSI deals has spurred near-term optimism, we warn that implementation risks still loom high. Furthermore, harsh fiscal austerity risks putting a number of European peripheral countries into a deep recession, pressuring [...]

Euro rises as China comments outweigh soft GDP

admin — Wed, 15 Feb 2012 14:00:55 +0000

LONDON, Feb 15 (Reuters) – The euro rose against the dollar on Wednesday after China said it would continue investing in euro zone debt, offsetting a contraction in quarterly GDP that added to concerns the currency bloc could slip into recession later in the year. Euro zone output shrank by 0.3 percent in the fourth [...]

Facebook and Personal Data’s Value

admin — Wed, 01 Feb 2012 17:36:07 +0000

Facebook, the vast online social network, is poised to file for a public stock offering on Wednesday that will ultimately value the company at $75 billion to $100 billion, cashing in on the fuel that powers the engine of Internet commerce: personal data. The company has been busily collecting that data for seven years, compiling [...]

Oanda`s open positions ratio as 1st of February, 2012

admin — Wed, 01 Feb 2012 17:24:57 +0000

As stated on Oanda-s web site, long to short positions Ratio is 40/60. This info on current open orders and open positions in Forex market lets an interpretation of current trading activity of thousands of traders, including the client price expectations that are contributing to natural resistance and support levels. Ratio for other pair you could [...]

EUR/JPY drops below 101.00

admin — Fri, 27 Jan 2012 07:08:36 +0000

EUR/JPY drops below 101.00 on general JPY buying interest. The Euro has traded down to 100.75 yen during the Asia/Pacific session. EUR/JPY support is seen at 100.28 (3 Jan high), with resistance at 101.13 (intraday). Right now the Japanese currency is supported on exporter-based buying as they convert proceeds into yen. Dealers say it’s a [...]

Greek troubles remain, EUR/USD Strengthens

admin — Thu, 26 Jan 2012 07:55:10 +0000

Open 1.3110 High 1.3120 Low 1.2929 Close 1.3105 On Wednesday, 25th January, 2012 Euro/Dollar increased significantly with 190 pips. The Euro appreciated from 1.2929 to 1.3120, matching the positive Interbank sentiment projection at almost +10%. A break above the resistance and yesterday’s top at 1.3120 may trigger further strengthening of the Euro. Going bellow yesterday’s [...]

Air France-KLM 2012 troubles

admin — Wed, 25 Jan 2012 09:47:02 +0000

PARIS — Air France-KLM’s (AF.FR) financial situation is “extremely tight” and the company incurred a substantial operating loss in 2011 for the fourth consecutive year due, among other things, to rising fuel costs, the chief executive of Air France, one of the Franco-Dutch group’s two airline divisions, said Wednesday. Alexandre de Juniac told a French parliamentary commission that Air France-KLM’s [...]

Sentiments are expected to shift to USD

admin — Tue, 24 Jan 2012 21:09:23 +0000

The EURO increased considerably against the major currencies yesterday as a result of the announcement of the decision on the Greece’s debt crisis. Despite the lack of amicable solution, the EURO did gain considerably. This trend is expected to change today as traders await the announcement of the Richmond Index at 10:00 AM. In the [...]

Stocks open lower on Greek debt fears

admin — Tue, 24 Jan 2012 14:57:40 +0000

NEW YORK (CNNMoney) — U.S. stocks opened in the red Tuesday as investors awaited progress on Greek debt talks and waded through another batch of corporate results. The Dow Jones industrial average (INDU) lost 65 points, or 0.5%, the S&P 500 (SPX)shed 8 points, or 0.6%, and the Nasdaq (COMP) dropped 12 points, or 0.4%. [...]