Monday, 31 December 2012
Clinton admitted to NY hospital with blood clot
Sunday, 30 December 2012
EUR/USD posts third weekly gain
Despite the fall seen during the second half of the week, the euro is set to close the week in positive territory for third time in a row.
EUR/USD came under pressure amid the lack of progress in US fiscal cliff negotiations and printed a 1-week low of 1.3164 at the beginning of the NY session. However, on a wider view, the pair had a choppy week, seesawing between 1.3164 and 1.3282, but unable to define a strong directional move.
At time of writing, EUR/USD is quoting at the 1.3215/20 area, down 0.1% on the day, but up 0.3% this week. For the week ahead, trading is expected to remain choppy as investors continue to focus on the US budget talk, while thin conditions may persist.
Behati Prinsloo looking like her usual uber sweet self
Helloo sunshine!! Here's one of the sweetest supermodels on the face of the planet right now, Behati Prinsloo, looking like her usual ridiculously cute little self while posing for the brand spanking new swimwear (and beachwear) collection from Victoria's Secret. We've already seen Candice and Erin posing for the 2013 VS swim collection and now it's Behati's turn to make us feel warm and fuzzy inside with her photoshoot.
EUR/USD to correct further in the next 2-4 weeks
Despite the holiday mood, market price action suggests that the EUR may be struggling from a technical point of view: "EUR/USD is poised to close out the week unchanged and well off the inter-week highs for the second week running even with the underlying trend higher still strongly entrenched", wrote analysts Shaun Osborne and Greg Moore, predicting a couple of big figures' worth of corrective price action in store for the EUR/USD in the next 2-4 weeks.
Saturday, 29 December 2012
EUR/GBP declines through European session
Friday, 28 December 2012
EUR/USD plunges on US Senate Harry Reid
The pair hit its high at 1.3284 ahead of the NY session, and little after the opening, the EUR/USD plunged strongly to the lower end of the 1.3200 latter. The trigger for such a market movement came from the US.
EUR/USD - Slightly Higher as Fiscal Cliff Talks Resume
Thursday, 27 December 2012
Yen falls as Japan forms new govt, supporting Nikkei
Yen falls as Japan forms new govt, supporting Nikkei
Expectations that Japan's incoming prime minister will pursue drastic stimulus policies to drive the country's economy out of deflation helped weaken the yen and underpinned the Nikkei on Wednesday, while Asian shares were capped in thin holiday trade. Singapore, Malaysia, Indonesia, the Philippines and South Korea were closed on Tuesday for the Christmas holiday, reopening on Wednesday. Hong Kong and Australia remain closed on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent, after rising 0.3 percent the previous day on the back of a surge in Shanghai shares to five-month highs and a jump in Taiwan shares.
Wednesday, 26 December 2012
One of the Best Short-Selling Opportunities of the Year
The price of natural gas is shockingly high. Natural gas prices bottomed in April, and they've enjoyed a big rally since then. In fact, yesterday, natural gas was trading near its highest price of 2012. |
USD/JPY Jumps On Japan Election Results
The Most Dangerous "Everyday" Threat to Your Privacy
Three powerful forces have come together to dismantle the privacy of U.S. citizens... First, government programs and regulations have formed the foundation of a massive tracking grid for all individuals. It has passed laws that give it sweeping "snooping" authority... It can now legally peer deeper into our daily lives than ever before. Second, corporations collect huge amounts of our personal data to aid in marketing. The government can also force them to hand over customer records. In essence, banks, Internet service providers, airlines, car-rental agencies, cell-phone companies, and more have become proxy agents of the government's domestic intelligence apparatus. |
EUR/USD Forecast December 26, 2012, Technical Analysis
EUR/USD initially rallied during the shortened Christmas Eve session on Monday, but failed to hold above the 1.32 handle and formed a shooting star. The market has produced three shooting star is the last four sessions now, and as a result we believe that a fall from this area could be coming. However, we see the 1.3150 level as a significant support level at the moment, and because of this we are not ready to start selling quite yet. In fact, we think this is a bit of a soft “zone” that should produce enough support that we really need to see a move down below the 1.3100 handle. On a daily close below that number, we believe that you could move as low as 1.2900 in the relatively short term. |
Sunday, 23 December 2012
A Huge Opportunity in This “Left for Dead” Sector
John Fredriksen just made the biggest bet of his career... Just weeks ago, John called the bottom in the shipping industry. He’s backing his call by spending $11 billion to add more ships to his fleet. It’s the biggest bet he’s ever made in an extraordinary career. John Fredriksen is the largest owner of shipping tankers in history. In 2005, Fredriksen’s fleet numbered more than 500 ships. That was eight times larger than that of legendary ship owner Aristotle Onassis. Forbes magazine estimates Fredriksen’s wealth at $10.6 billion, and just last month, Bloomberg Markets magazine named Fredriksen the fifth most influential person in the world. |
‘India must ink long-term oil deals with exporting nations’
"As India's status as oil consumer will grow in the world in the next decade and limited oil reserves pose a threat, the country should use this period of relative calm in oil markets to acquire oil assets overseas...
"...And if feasible enter into long-term bilateral development and supply agreements with oil-exporting countries," Equentis Capital director Vikram Dhawan said in its research report here.
While sentiment towards oil prices may be subdued in the near-term on account of softer demand growth coupled with supply surge, it will be foolhardy to presume stable or lower prices in the long-term, Dhawan said.
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