Forex Weekly Outlook – September 6-10

September 1st, 2010

The upcoming week features less US figures after the Non-Farm Payrolls. Rate decisions in Japan, Australia, Canada and Britain are the highlights. Here’s an outlook for the major market moving events.Monday is Labor Day in the US and Canada. The markets will be more quiet than usual, but Friday’s Non-Farm Payrolls will still echo in the markets. 1. Japanese rate decision: Published on Tuesday, early morning. The recent BOJ meeting, that was an emergency meeting, failed to bring a big change, especially no coordinated intervention. Also in this decision, intervention to weaken the yen will be closely watched. This already became a heated political issue in Japan, as Ozawa, a candidate for Japan’s No.1 position pressures Premier Kan to do something. There Read more…

Posted in Financial News | No Comments »

World Press Release » KTC Capital Issues Warning Against US Banks

August 29th, 2010

(World Press Release) following an FDIC report extending the list of troubled banks to a 17 year high, KTC Capital released an investor warning on shares, mutual funds and derivatives holding U.S. bank stocks.

The latest quarterly survey of the American banking system led the Federal Deposit Insurance Corp. (FDIC) to classify 829 at risk of failing. This is a nearly twofold increase over the 412 banks on the watch list a year ago and is up from 772 in the first quarter of this year.

Banks that find themselves on the watch list are considered the most likely to fail, but few of the lenders on the list actually reach the level of failure.

Read more…

Posted in Financial News | No Comments »

Czech issuance calendar for the fourth quarter will be surprisingly thin

August 24th, 2010

Currencies: Another CNB Board member warns that low rates will not last foreverFixed Income: Czech issuance calendar for the fourth quarter will be surprisingly thin

Czech Republic

The koruna weakened yesterday reacting on a series of bad US eco numbers. It moved up to the EUR/CZK 24.90 level for a short period, however it has erased most of its losses by the evening due to a correction on Wall street.

Today, the currency might benefit from a slightly weaker dollar or from the comments of the new member of the CNB Bank Board Kamil Janacek. He has indicated that the period of record low interest rates is moving slowly to its end and suggested that prolonging the period can seriously harm the Czech economy.

Read more…

Posted in Financial News | No Comments »

Forex Weekly Outlook – August 23-27

August 21st, 2010

Revisions of GDP in the US and the UK, and major housing sector figures in the US are among the highlights of the upcoming week. Here’s an outlook for the major market moving events.Risk aversion took over the markets once again on fears of global slowdown. Friday was a great day for the US dollar, with EUR/USD breaking long term support. Will this continue? 1. US Existing Home Sales: Published on Tuesday at 14:00 GMT. The housing sector’s slump causes many worries about the recovery. Sales of existing homes decreased in the past three months to 5.37 million. Another drop is expected now, a big one – to only 4.63 million. Note that most sales of homes are of existing ones making this figure very important. 2. Ge Read more…

Posted in Financial News | No Comments »

Olam hikes offer for Farming Systems to 70 cents

August 21st, 2010

Olam International raised its offer for NZ Farming Systems Uruguay to 70 cents from 55 cents a day after the target company disclosed a third bidder is looking at the dairy farm developer.

Shares of Farming Systems jumped 11% to 70 cents after Olam’s statement. The new offer is within the independent adviser’s valuation range of 65 cents-to-79 cents a share. Net tangible assets were 92 cents, according to its 2010 accounts.

Olam, a Singapore-based food agri-business has said Farming Systems hasn’t been well managed, a claim the target company disputes, and needs capital to complete its expansion. Its o

Read more…

Posted in Financial News | No Comments »

The EUR is starting to push higher this morning

August 16th, 2010

  • The EUR is starting to push higher this morning and is gaining against the USD, JPY and GBP.

  • US equity futures are higher this morning following the European advance and indicating a rise in equity prices at the bell. 

  • Oil is trading over +1% higher this morning and is above $76.00. Gold is continuing to rise slowly and is at around $1230.00.

  • Asian markets finished mixed overnight. Chinese markets rose while Japanese markets fell.

  • European equity markets are up in their morning trading regaining some of the past few days losses.

News Focus

Home Depot Beats Estimates

The US’s largest home improvement store, Home Depot Inc, has reported figures that are better than analysts had expected. Th

Read more…

Posted in Financial News | No Comments »

Page 1 of 3112345102030...Last »