May 27, 2013 1:59 pm
On Monday trade was thin due to closed markets in UK and US for public holidays. US dollar decreased in value against the yen, as USD/JPY dropped to 100.91 during European afternoon session. Today Japanese Nikkei 225 broadened its decline from Friday last week, due to concerns whether FED would reduce scale of its bond […]
Read moreMay 27, 2013 1:57 pm
Valeant Pharmaceuticals International Inc., Canadas largest drug-maker decided to buy Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC for about $4.5 billion. Valeant would most definately have to spend $4.2 billion covering Bausch & Lombs debt bringing the value to total of $8.7 billion said the company today. Recently, Valeant […]
Read moreMay 27, 2013 12:11 pm
ECB Executive Board member Joerg Asmussen said that the central bank will stick to its expansive monetary policy for as long as needed, but keeping interest rates on low level for a long period of time, could generate potential risks. Asmussen said the ECB should tread cautiously on the idea of taking its deposit rate […]
Read moreMay 27, 2013 8:13 am
USD/JPY lowered on Monday, as investors were on alert, concerning FED easing policy. The pair reached 100.78 during late Asian trade, which was lowest value for current session. Support levels were expected at 100.53, lowest from May 10th, while resistance was to be met at 102.56, highest value from Friday. The yen gained strength as […]
Read moreMay 27, 2013 7:15 am
Mondays trade session was calm for the EUR/USD cross, after strong data from Germany was released last Friday and also expectations for a near-term exit of FED easing program boosted demand for US dollars. The pair reached 1.2946 during late hours of the Asian trade session, highest value for today, then EUR/USD fell slightly to […]
Read moreMay 27, 2013 6:49 am
The London-based head of portfolio strategy of Brewin Dolphin Securities Ltd. “It looks like we either see an economic downturn in the US or monetary stimulus is going to slow. For the analyst that is not favorable condition to invest. They are waiting for signs and more information about which way the economy would go. […]
Read moreMay 27, 2013 6:29 am
During Monday Asian trade, Australian dollar retreated against the US counterpart, as investors were with bearish sentiment towards the Aussie. The pair dropped to 0.9630. Support levels were expected at 0.9592, lowest value from Friday last week, while the pair was likely to meet resistance at 0.9750, highest for Friday session. US Commodity Futures Trading […]
Read moreMay 24, 2013 8:06 pm
Earlier today official data showed that Durable Goods Orders in United States recorded a positive change during April, showing improvement in countrys production sector, which had been the slowing factor for economic recovery. Durable Goods Orders increased by 3.3% during April on monthly basis to 226 billion USD, while estimates showed a 1.3% increase. Data […]
Read moreMay 23, 2013 2:56 pm
New Home Sales in United States registered an increase during April, while house prices reached record levels. It became obvious that US real estate sector is in process of improvement, as home sales rose significantly during spring period. New Home Sales indicator was up by 2.3% during April to seasonally adjusted 454 000 units, second […]
Read moreMay 23, 2013 1:14 pm
US dollar decreased significantly versus the yen on Thursday, as China reported weak economic data and indications appeared that FED might reduce scale of easing, which provoked safe heaven search among investors. During late European session, USD/JPY pair dropped to 101.47. In testimony to the U.S. Joint Economic Committee yesterday, Fed Chairman Bernanke said a […]
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