The Financial Times reported that Deutsche Bank is preparing to launch a fund to snap up investors’ illiquid or damaged holdings in hedge funds...
Deutsche Bank Targets Distressed Assets
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Asian forex market wrap
Japanese current account surplus for April -53.4% YoY against expected -39% Centre-right parties the big winners in European parliament elections Top Chinese banker calls for US help in the development of Yuan debt markets Sterling loses ground on the crosses after a very poor showing by...
The Greenback Weakens despite Positive Data from U.S
Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import Prices indicator at 12:30 GMT, and the publication of the U.S. Consumer...
Usd/Yen soars on Payroll surprise
Usd/Yen is off to the races as the Payroll data far exceed even the most optimistic expectations. The only dampener will be the higher unemployment rate. Trading at 97.40 now, resistance is seen...
AUDUSD stays in a upward price channel
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds,...
Greek Woes Snap 5 Week Rally
U.S. stocks fell, snapping a five- week-rally for the S & P 500. This happening amid concern that the plans to help Greece avoid default...