Wegelin & Company agreed to a sale to Switzerland’s Raiffeisen Group after coming under investigation in the U.S. for allegedly helping...
Wegelin & Company Agrees to Sell to Switzerland’s Raiffeisen Group
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Dukascopy Afternoon Forex Overview - Sept 07 09
Previous session overview Renewed merger-and-acquisition activity and a weekend pledge by the world’s most powerful economies to push on with fiscal and monetary stimulus boosted equity markets and high-yielding currencies Monday, leaving the dollar on the defensive. Risk remained the driving...
US Wholesale inventories hit lowest level since September 2007
US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...
USDJPY is in consolidation of downtrend
USDJPY is in consolidation of downtrend from 83.96. As long as 82.23 resistance holds, downtrend could be expected to resume, and another...
Obama’s Plan Could Affect Hedge Funds
Currently, the proposed legislation to restructure the U.S. financial regulatory system is making its way through both houses of Congress. The plan is aimed to require stability, safety and systemic risk to play a larger role in the planning, thinking and strategizing of every financial...
USDJPY’s fall from 83.84 reaches 82.78 only
USDJPY’s fall from 83.84 can reach 82.78 only, the subsequent bounce has brought price to a trading range between 82.78 and 83.84. Now...