Hewlett-Packard (NYSE:HPQ) issues a voluntary recall of 928,000 HP fax 1040 and 1050 machines in th eU.S. and 240,000 of the same machines in Canada...
Hewlett-Packard Announces Recall of Over 1 Million Fax Machines Due To Fire and Burn Hazards
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EUR/JPY stalls at crucial 137.43 level
EUR/JPY has seen a fair bit of profit-taking as prices reached important resistance at 137.43. Failing to overcome that level, traders were quick to book profits and send the cross quickly back to the 137.00 area. No surprise, there is talk of a 137.50 barrier being defended. I can’t remember...
EUR/JPY Daily Forex Technical Outlook
Daily Pivots: (S1) 129.96; (P) 130.88; (R1) 131.97 With 4 hours MACD crossed above signal line, an intraday low should be in place in EUR/JPY and some consolidations might now be seen. Nevertheless, recovery is expected to be limited well below 135.47 resistance and bring fall resumption. Below...
Nikkei opens up 1%, Kospi +0.7%
Regional equity markets look like they will have a good close to the week. The Nikkei is now above 10,000 and many doubters will be throwing in the...
USD/JPY easing toward trendline support
USD/JPY is pressured by a wave of dollar weakness that has come out of left field this afternoon, fueled by a surprisingly large short-covering rally in cable. Trendline resistance broken on the daily charts last week during USD/JPY’s big rally on Friday is now being tested from the topside...
Blackrock agrees to acquire BGI
The deal for Blackrock to acquire Barclays Global Investors including the important ishares business is officially done, according to reports on Reuters newswires. It is possible that this will have some ramifications for the pound, now that the deal is actually signed off on, but with global...