Egypt, Indices, and Oil

03 Jul 2013 @ 23:24
The price of oil is up.  Major stock indices are down.  Egypt is in crisis mode again.  Make that “Egypt is still in crisis mode.”  With the satellite news feed from Cairo, millions of people around the world are witnessing millions of Egyptians protesting against what looks like is going to be a short-lived Morsi […]

Winklevoss Twins to Take Bitcoin Public

02 Jul 2013 @ 23:53
You remember the Winklevoss twins.  They are the guys to whom Mark Zuckerberg paid $65 million in combined cash and equity in Facebook to settle the lawsuit in which they alleged that Zuckerberg had stolen their social networking idea.  Today, under the sponsorship of Math-Based Asset Services LLC (a Winklevoss company), Cameron and Tyler filed […]

Breaking News: Banks Involved in Collusion

01 Jul 2013 @ 23:22
Banks:  You can’t live without them;  You can’t shoot them.  But you sure wish you could.  I looked up “scandal” in the dictionary today.  It said, “see ‘Banks’”. The European Commission has revealed that it has issued a Statement of Objections to 13 different financial institutions, accusing them of colluding “to prevent exchanges from...

Weekly currency roundup – Uncertainty over Fed tapering created a mixed week for currencies

28 Jun 2013 @ 21:33
Pound Sterling – it was a mixed week for the Pound as it began the week down against the US Dollar as it declined to its lowest-level in more than two weeks ahead of the sale of UK government bonds. Against the Euro, Sterling weakened for the first time in three days. On Tuesday it advanced […]

Weekly currency roundup – A week of volatility as Federal Reserve suggests QE scale back

21 Jun 2013 @ 19:53
Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

NYSE Euronext – IntercontinentalExchange Merger Imminent

18 Jun 2013 @ 22:58
Almost six months after it was announced, the merger of commodities trading exchange IntercontinentalExchange (NYSE:ICE) and NYSE Euronext, the parent company of the New York Stock Exchange (NYSE), is nearing its completion to establish one of the largest trading markets operator in the world. Reuters News Organisation has learned from its sources that the European […]

Weekly currency roundup – A week of volatility for commodity currencies as Fed confusion sparked uncertainty

14 Jun 2013 @ 21:15
Pound Sterling At the start of the week the Pound weakened against the Euro and US Dollar due to a selloff of the currency and as speculation mounts that the US Federal Reserve will soon announce a slowdown of monetary stimulus.  The uncertainty over the Fed’s next move regarding its easing policies was the main […]

Weekly Currency Roundup - A week of declines for the Aussie and US Dollars

08 Jun 2013 @ 02:25
Pound Sterling This week has been one of gains and upward momentum for Sterling. On Monday the Pound made gains against the US Dollar and edged upwards against the Euro after May’s manufacturing PMI data rose to 51.3 from the 49.8 recorded in April. A figure above 50 signals expansion. Construction data also boosted the Pound […]

Weekly Currency Roundup - Sterling affected by poor retail sales data

31 May 2013 @ 23:16
Pound Sterling – With UK markets closed for a national holiday it was a slow start to the week for the Pound. Although Sterling went on to weaken against the US Dollar as UK retail sales dropped to a 16-month low, it was able to recoup losses as separate reports showed a surge in British house […]

Accendo Markets Weekly Roundup, 17 May 2013 - One bank bailout back in the black; Market pause but no rewind

18 May 2013 @ 01:50
This week’s hurdle proved more resilient, the FTSE100 index struggling to gain traction above 6,700, but we have made much progress. The move up from 6,600 was faster than expected, however, limited gains above 6710/15 for much of the week, all the while with support just 45pts below, suggests we may have had the sideways […]
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