Leisure & Resorts World Corporation or LR in the Philippine Stock Exchange has octupled its value from PHP 1.10 to PHP 8.80 in a year’s...
Bearish Pattern Seen In Leisure & Resorts World Corporation (LR)
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EURUSD broke above price channel
EURUSD broke above the falling price channel on 4-hour chart and traded in a range between 1.3531 and 1.3838. Lengthier sideways movement...
IMF bonds: Less than meets the eye
The latest hysteria to hit the FX market is the fear that emerging powers like China, Russia and Brazil will pull funds out of US reserves and pump them into newly issued IMF debt. There are a couple of problems with this notion. For one, the bonds are not meant to be marketable. This will be a buy...
Question from a novice
I have been studying forex for 6 months and trading for 3. I understand the concept of risk aversion/risk appetite. Stocks become unattractive, demand for safe haven currency rises. I understand this concept, however I am not clear on how this works. It seems when asian markets dive the yen...
EUR/USD firmer; China noted
EUR/USD is making some pretty good ground in early European trade. The pairing is being underpinned by decent risk appetite, realisation US rates won’t be raised anytime soon, and by an improving situation in the Baltics. Sources report China has been buying fairly agressively in this latest...
Saab finds a buyer; flows look minimal
Saab, the GM-owned Swedish car-maker, looks like it has finally found a home. A group led by a Swedish car-maker I’ve never heard of Koenigsegg will acquire the brand, according to CNBC. It looks like they will assume gobs of debt, though very little cash will change hands. It is unlikely to...