Currency Trading News
- Dollar surges as Bank of Canada interest rate unchanged Tuesday, July 19, 2011 @ 1:00PMThe Canadian dollar has gained more than a cent in morning trading after the Bank of Canada announced its bench-mark overnight interest rate would stay steady at one per cent.
http://www.cbc.ca/news/canada/story/2011/07/19/interest-rate-decision-canada-july.html?ref=rss
- Gold Vaults Above $1,600 per Ounce on Dollar, Debt Worries Tuesday, July 19, 2011 @ 12:59PMGold vaulted past $1,600 an ounce Monday, driven by worries about the federal debt limit and ongoing problems in Europe.
http://www.hispanicbusiness.com/news/2011/7/19/gold_vaults_above_1600_per_ounce.htm
- Trust banks earnings up amid new business Tuesday, July 19, 2011 @ 12:53PMSlate Street Corp, BNY Mellon report higher earnings. 19 Jul 2011 1:40 PM
http://www.businessspectator.com.au/bs.nsf/Article/WRAPUP-3-Trust-banks-earnings-up-amid-new-business-JWNAU?opendocument&src=rss
- Goldman's income jumps but still misses estimates Tuesday, July 19, 2011 @ 12:47PMGoldman Sachs more than doubled its profits last quarter, to $1.05 billion, but even that wasn't enough to satisfy its investors.
http://sg.news.yahoo.com/goldmans-income-jumps-still-misses-estimates-123442620.html
- BTF's 'Sylvia': Gurney comedy never strays Tuesday, July 19, 2011 @ 12:44PMSTOCKBRIDGE -- Greg, the pivotal character in A.R. Gurney's charming, oh-so-smart and winning comedy, "Sylvia" -- which is being given a charming, oh-so-smart and winning production at Berkshire Theatre Group's Fitzpatrick Main Stage -- is losing touch with life.
http://www.berkshireeagle.com/ci_18503848?source=most_emailed
- Soros, hedge funds pile into cash in unstable times Tuesday, July 19, 2011 @ 12:30PMHedge funds are slashing their exposure to stock, bond and currency markets as they look for clarity on global events that investor George Soros describes as 'much more baffling and much less predictable' than the financial crisis
http://business.financialpost.com/2011/07/19/soros-hedge-funds-pile-into-cash-in-unstable-times/
- Goldman earnings fall short of expectations Tuesday, July 19, 2011 @ 12:29PMGoldman's fixed income, currency and commodities trading revenue fell 53% from a year earlier to $1.6 bn, far worse than expected.
http://economictimes.feedsportal.com/c/33041/f/534034/s/16c62c3a/l/0Leconomictimes0Bindiatimes0N0Cnews0Cinternational0Ebusiness0Cgoldman0Eearnings0Efall0Eshort0Eof0Eexpectations0Carticleshow0C92882670Bcms/story01.htm
- Gold and Silver Report - "On The Road With Rhodium" Tuesday, July 19, 2011 @ 12:28PMWith simultaneous headlines blaring "Gold May Rise" and "Gold May Snap Its Run" everything the financial world this morning was as
http://community.nasdaq.com/News/2011-07/gold-and-silver-report-on-the-road-with-rhodium.aspx?storyid=86193
- Forex: EUR/USD unable to hold above 1.4200 Tuesday, July 19, 2011 @ 12:27PMForex: EUR/USD unable to hold above 1.4200
http://community.nasdaq.com/News/2011-07/forex-eurusd-unable-to-hold-above-14200.aspx?storyid=86195
- Jitters push gold to fresh all-time US dollar high Monday, July 18, 2011 @ 11:39PMGold soared to a new all-time high in US dollar terms and the Aussie dollar stayed ensconced well above greenback parity on fears about US and European debt.
http://www.smh.com.au/business/jitters-push-gold-to-fresh-alltime-us-dollar-high-20110719-1hm9s.html
- Obama Shouldn’t Bow to Republican Plan for Consumer Bureau: View Monday, July 18, 2011 @ 11:28PMPresident Barack Obama finally made official what everyone in Washington had assumed for months: Elizabeth Warren, the Harvard law professor who first had the idea for a consumer financial protection agency, will not get to oversee her creation. Instead, the president has nominated Richard Cordray, the former Ohio attorney general who’s now running enforcement at the Consumer Financial ...
http://www.bloomberg.com/news/2011-07-19/obama-shouldn-t-bow-to-republican-plan-for-consumer-bureau-view.html
- Soros’ Quantum Holding 75% Cash Leads Hedge Funds Baffled by Global Crises Monday, July 18, 2011 @ 11:22PMKeith Anderson, who runs the $25.5 billion Quantum Endowment Fund for Soros Fund Management LLC, has seen enough of choppy global markets.
http://www.bloomberg.com/news/2011-07-19/soros-quantum-holding-75-cash-leads-hedge-funds-baffled-by-global-crises.html
- I.B.M. Reports Strong Second-Quarter Earnings Monday, July 18, 2011 @ 11:19PMI.B.M., which turned 100 last month, delivered better-than-expected quarterly results Monday that showed the old company had a lot of life in it.
http://www.post-gazette.com/pg/11200/1161406-96-0.stm?cmpid=business.xml
- South Korea to clamp down on "kimchi bonds" Monday, July 18, 2011 @ 11:12PMSEOUL (AFP) - South Korea said Tuesday it would ban banks and other financial firms from buying foreign-currency bonds sold by local firms for domestic projects, in an attempt to curb foreign debt and the won's rise.
http://nz.news.yahoo.com/a/-/world/9873201/south-korea-to-clamp-down-on-kimchi-bonds/
- ANALYSIS-Asia braces for direct hit from West's debt woes Monday, July 18, 2011 @ 11:08PMSINGAPORE: For Asia, the deepening debt troubles in the West are like a giant asteroid on a collision course --...
http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=189876&Itemid=2
- Asia Shares Decline for Fourth Day as Euro Trades Near Week Low Monday, July 18, 2011 @ 10:47PMAsian shares fell for a fourth day, led by Japanese banks and exporters, while the euro traded near a one-week low versus the dollar amid concern European leaders will fail to agree on steps to contain the region’s crisis at a summit this week. Gold snapped an 11-day rally.
http://www.businessweek.com/news/2011-07-18/asia-shares-decline-for-fourth-day-as-euro-trades-near-week-low.html
- Atlas Copco: Ronnie Leten comments on Atlas Copco’s Q2 results Monday, July 18, 2011 @ 5:23AMSTOCKHOLM--(BUSINESS WIRE)--Regulatory News: Atlas Copco (STO:ATCOA)(STO:ATCOB) today reported strong organic sales growth and a record-high quarterly operating profit. Demand was good in all business areas and the Group continued to make investments in sustainable, profitable growth. “Our deliveries and invoicing levels are improving and we are proud to again report a record profit for the ...
http://www.businesswire.com/news/home/20110718005676/en/Atlas-Copco-Ronnie-Leten-comments-Atlas-Copco%E2%80%99s
- Asia stocks down on US impasse, eurozone debt Monday, July 18, 2011 @ 5:17AMAsian stocks edged down on fears US lawmakers will not agree a budget to avoid a default in the world's number one economy as well as the ongoing eurozone crisis.
http://economictimes.feedsportal.com/c/33041/f/534038/s/16bcca8f/l/0Leconomictimes0Bindiatimes0N0Cmarkets0Cglobal0Emarkets0Casia0Estocks0Edown0Eon0Eus0Eimpasse0Eeurozone0Edebt0Carticleshow0C9270A3520Bcms/story01.htm
- The Week Ahead: Deficit and Dodd-Frank Monday, July 18, 2011 @ 5:15AMLawmakers will continue to be under pressure this week to reach an agreement to raise the debt ceiling. Read more...
http://thehill.com/homenews/news/171925-the-week-ahead-deficit-and-dodd-frank
- What will be the impact of a US downgrade? Monday, July 18, 2011 @ 4:58AMThe US is now at risk of losing its AAA credit rating, with two of the big three ratings agencies – Moody's and Standard & Poor's – announcing that the world's largest economy is under review.
http://www.moneyobserver.com/issue/features/what-will-be-impact-us-downgrade
- Lyxor/Harmonic CryFd - Delisting Monday, July 18, 2011 @ 4:34AMLyxor/Harmonic CryFd - Delisting
http://uk.finance.yahoo.com/news/Lyxor-Harmonic-CryFd-afxcnf-4198124647.html?x=0
- $A dragged down by euro banks Monday, July 18, 2011 @ 4:26AMThe Australian dollar was three-quarters of a US cent lower, dragged down by eight European banks.
http://bigpondnews.com/articles/Finance/2011/07/18/A_dragged_down_by_euro_banks_639524.html
- Japan Stocks Top World as Factory Output Gains With Toyota Monday, July 18, 2011 @ 4:01AMEquities in Japan are rising more than any other developed country on speculation earnings will improve as the country recovers from its strongest earthquake.
http://www.businessweek.com/news/2011-07-18/japan-stocks-top-world-as-factory-output-gains-with-toyota.html
- What to do about the darned USD Monday, July 18, 2011 @ 4:00AMSINGAPORE retail investors are in a bind about the approach to take towards hedging against inflation in a low interest environment. In addition, currencies and the impact that fluctuations can have on an investment strategy must also be considered when investing surplus cash or regular savings.
http://www.asiaone.com/Business/News/My+Money/Story/A1Story20110718-289713.html
- COMING WEEK PART 1: EU PIIGS PLAN BACKFIRING, CONTAGION NEARS Saturday, July 16, 2011 @ 6:29PMAs acceptance of at least a partial Greek default grows among EU leaders, all PIIGS bond rates have been spiking over the past week to reflect increased risk premium now that the assumed EU put is gone.
http://www.businessinsider.com/coming-week-part-1-eu-piigs-plan-backfiring-contagion-nears-2011-7
- Zimbabwe: GMB to Launch Two More Silo Products Saturday, July 16, 2011 @ 4:44PMTHE commercialisation of GMB continues to gather momentum, with the parastatal set to introduce two more products on the market.
http://allafrica.com/stories/201107160073.html
- Peter Clarke interview: the danger is how investors react to the volatilty created by the eurozone debt crisis Saturday, July 16, 2011 @ 3:27PMPeter Clarke on the hedge fund's response to the debt crisis fallout.
http://telegraph.feedsportal.com/c/32726/f/568300/s/16b62552/l/0L0Stelegraph0O0Cfinance0Cfinancetopics0Cprofiles0C86419430CPeter0EClarke0Einterview0Ethe0Edanger0Eis0Ehow0Einvestors0Ereact0Eto0Ethe0Evolatilty0Ecreated0Eby0Ethe0Eeurozone0Edebt0Ecrisis0Bhtml/story01.htm
- Why the debt test is one that we can't afford to fail Saturday, July 16, 2011 @ 1:11PMInvestors don't believe Europe has the willpower to solve its problems.
http://uk.finance.yahoo.com/news/Why-debt-test-one-afford-fail-tele-3573404828.html?x=0
- We should have listened to Zhu Min years ago don’t ignore him now Saturday, July 16, 2011 @ 1:11PMThe “twin pillars” of the world economy continue to totter. Global investors, politicians and the financially-literate general public are wringing their hands about two previously “unthinkable” disasters ...
http://uk.finance.yahoo.com/news/We-listened-Zhu-Min-years-ago-tele-3925883882.html?x=0
- Euro bank's real message Saturday, July 16, 2011 @ 5:04AMStress-test reveals hint of Greek default
http://www.bbc.co.uk/go/rss/int/news/-/news/business-14172743
- Raleigh man pleads guilty in investment scheme Saturday, July 16, 2011 @ 4:38AMA Raleigh man pleaded guilty in Wake County Superior Court on Friday to 12 counts of securities fraud in relation to a foreign investment scheme.
http://newsobserver.com/2011/07/16/1347752/raleigh-man-pleads-guilty-in-investment.html
- Brazil's commodities-heavy trade with China gives some pause Saturday, July 16, 2011 @ 2:14AMBrazil's rise as a global economic power is largely driven by exports to China. But China's demand for basic commodities, rather than manufactured goods, has fueled concern about Brazil's industries. At the height of Brazil's biggest economic boom in a generation, the Schmidt Bros. shoe factory in the southwestern city of Campo Grande was shutting its doors this spring and sending thousands of ...
http://www.latimes.com/news/nationworld/world/asia/la-fg-brazil-china-20110716,0,3593066.story?track=rss
- Parents angry over disability product price gouging Saturday, July 16, 2011 @ 1:22AMParents of disabled children say they are being gouged by Australian suppliers of overseas products, in some cases paying twice as much for the same devices in the United States, even though the Australian dollar is worth more than US currency.
http://www.abc.net.au/news/2011-07-16/companies-disabled-price-rises/2797208
- Euro Falls Versus Dollar on Italian Yield Surge, Ireland Rating Saturday, July 16, 2011 @ 12:01AMThe euro weakened against the dollar after Irish debt was downgraded to junk by Moody’s Investors Service and yields surged in Italy, drawing the euro zone’s largest debtor further into the region’s financial crisis.
http://www.businessweek.com/news/2011-07-16/euro-falls-versus-dollar-on-italian-yield-surge-ireland-rating.html
- Leading Business Books, From Harford’s ‘Adapt’ to ‘Ugly Beauty’ Friday, July 15, 2011 @ 11:29PMAmerican International Group Inc. (AIG) commits “corporate suicide” and Fannie Mae becomes a Pied Piper in two of our favorite business books so far this year. Here’s a list of recommended titles.
http://www.bloomberg.com/news/2011-07-16/leading-business-books-from-harford-s-adapt-to-ugly-beauty-.html
- Alleged bilker, back in U.S., is arraigned Friday, July 15, 2011 @ 9:33PMRegulators say Jeffery Lowrance trolled for investors at a Twin Cities rally in the 2008 GOP convention and later fled to Peru.
http://www.startribune.com/business/125671933.html
- Gold Prices Pull Back on Profit Taking Friday, July 15, 2011 @ 10:33AMNEW YORK (TheStreet ) -- Gold and silver prices were seeing slight pullbacks as investors took some profits after U.S. and European debt issues pushed prices to record highs on Thursday. Gold for August delivery was losing $2 to $1,587 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,590.30 and as low as $1,576, while the spot gold price ...
http://www.thestreet.com/story/11186647/1/gold-prices-pull-back-on-profit-taking.html?cm_ven=RSSFeed
- European Stocks Fall, Extending Weekly Drop; BHP, Temenos Slide Friday, July 15, 2011 @ 10:32AMEuropean stocks fell as U.S. consumer sentiment unexpectedly declined and investors speculated that stress tests on Europe’s banks may show they have insufficient capital to weather the fiscal crisis.
http://www.businessweek.com/news/2011-07-15/european-stocks-fall-extending-weekly-drop-bhp-temenos-slide.html
- Value Investing Seminar: Fernando Barnard of Bestinver on Sonae Friday, July 15, 2011 @ 10:20AMBy Jacob Wolinsky. Following full-time internships at Price Waterhouse (Madrid, 1994), BBVA (Madrid, 1996), and DG Bank (Frankfurt, 1997), he started his professional career in 1998 in Frankfurt at an asset management company, Value Management & Research, where he worked closely with the founder, a former associate to legendary investors Peter Lynch and the Browne brothers of Tweedy Browne. It ...
http://www.gurufocus.com/news/138852/value-investing-seminar-fernando-barnard-of-bestinver-on-sonae-
- Daily Pfennig: The Dollar Bites Back! Friday, July 15, 2011 @ 10:16AMAnd, Now, Today’s Pfennig For Your Thoughts! The Dollar Bites Back! Good day… And a Happy Friday to one and all! It’s not starting out like a Fantastico Friday, as I found out my car had a dead battery this morning!
http://www.kitco.com/ind/Butler/jul152011.html
- TSX racks up slight gain amid worse than expected U.S. consumer sentiment data Friday, July 15, 2011 @ 10:12AMTORONTO - Energy and mining stocks helped push the Toronto stock market higher Friday but the index was well off early highs amid a sharp drop in American consumer confidence.
http://ca.news.yahoo.com/tsx-open-lower-amid-government-debt-worries-gold-123153353.html
- Value Investing Seminar: Lloyd Khaner on "Wall of Worries" and CDNS Friday, July 15, 2011 @ 10:05AMBy Jacob Wolinsky. Lloyd Khaner is the General Partner of Khaner Capital L.P, a long-short hedge fund. He selects stocks for the portfolio, sets the Fund's investment strategy, oversees the Fund's portfolio and directs its resources. Read more » »
http://www.gurufocus.com/news/138853/value-investing-seminar-lloyd-khaner-on-wall-of-worries-and-cdns
- TSX heads for lower open amid government debt concerns Friday, July 15, 2011 @ 9:58AMThe Toronto stock market headed for a slightly lower open Friday as gold prices eased from Thursday’s most recent record close and investors digested another warning connected with the U.S. debt ceiling showdown.
http://www.investmentexecutive.com/client/en/News/DetailNews.asp?id=58895&IdSection=148&cat=148&BImageCI=1
- Europe Stocks Erase Losses, S&P 500 Gains on Earnings Reports Friday, July 15, 2011 @ 9:50AMEuropean stocks erased earlier losses and the Standard & Poor’s 500 Index climbed as results from Google Inc. and Citigroup Inc. helped allay concern stress tests will show banks don’t have enough capital. The cost of insuring government debt rose to a record.
http://www.businessweek.com/news/2011-07-15/europe-stocks-erase-losses-s-p-500-gains-on-earnings-reports.html
- European Stock-Index Futures Decline; BHP Billiton, Hugo Boss Might Move Friday, July 15, 2011 @ 1:54AMEuropean stock-index futures fell after Standard & Poor’s Ratings Services became the second agency this week to say it may cut the U.S.’s top credit rating and as investors awaited stress tests on European banks. Asian shares and U.S. futures were little changed.
http://www.bloomberg.com/news/2011-07-15/european-stock-futures-drop-bhp-billiton-may-move-on-petrohawk-purchase.html
- SKF Half-year report 2011 Friday, July 15, 2011 @ 1:42AM"Demand developed very much in line with our expectations during the quarter and this, combined with the actions we are taking, enabled us to deliver a record operating profit and operating margin as well as a good cash flow.
http://www.finanzen.net/nachricht/SKF-Half-year-report-2011-1213972
- Gold shines on euro zone debt woes Friday, July 15, 2011 @ 1:38AMHONG KONG (Reuters) - Gold slipped on Friday though was on track to match its biggest winning streak in four decades, with debt crises in the euro zone and the United States leaving investors few alternatives ...
http://uk.finance.yahoo.com/news/Gold-shines-euro-zone-debt-reuters_molt-2740217251.html?x=0
- China Increases Rare-Earth Export Quota; EU Criticizes Move Friday, July 15, 2011 @ 1:32AMChina, the world’s biggest supplier of rare earths, almost doubled its export quota for the second half from a year ago, a change the European Union said actually adds restrictions to overseas shipments.
http://www.businessweek.com/news/2011-07-15/china-increases-rare-earth-export-quota-eu-criticizes-move.html
- Euromoney Ins.InvPLC - Interim Management Statement Friday, July 15, 2011 @ 1:30AMEuromoney Ins.InvPLC - Interim Management Statement
http://uk.finance.yahoo.com/news/Euromoney-Ins-InvPLC-Interim-afxcnf-378259353.html?x=0
- FX round-up: Bernanke comment lifts greenback Friday, July 15, 2011 @ 1:23AMLONDON (SHARECAST) - The dollar made headway against major currencies on Thursday after Federal Reserve chairman Ben Bernanke's doused expectations for further US economic stimulus.
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4363508