Managed Forex Accounts

Stocks post modest gains – CNN Money

admin — Wed, 10 Mar 2010 22:26:54 +0000

NEW YORK (CNNMoney.com) — Stocks posted modest gains Wednesday, with the Nasdaq ending at its highest level in more than 18 months, as investors weighed falling oil prices against strength in the financial services sector and an upbeat report on …

Reuters Summit-UPDATE 2-China keen to invest in SAfrica … – Forex Pros

admin — Wed, 10 Mar 2010 22:26:53 +0000

JOHANNESBURG/NEW YORK, March 10 (Reuters) – South Africa’s mines minister said on Wednesday that China had shown strong interest in investing in the African country’s mining sector, and reassured investors there were no plans to nationalise mines …

Corn, wheat fall after latest crop report shows … – Minneapolis Star Tribune

admin — Wed, 10 Mar 2010 22:26:53 +0000

… pressured by weak prices for ethanol. “You’ve lost a big, big consumer” Ward said of ethanol producers who are now buying much less corn. Some producers are losing money right now because of the current cost of corn and the price … by gold.

Energy, Base Metals Lift TSX Higher At Close – RTT News

admin — Wed, 10 Mar 2010 22:26:53 +0000

(RTTNews) – Toronto’s main index managed moderate gains Wednesday, even as gold stocks fell for a third day tracking the price of the commodity. Energy and base metal shares led the advancers. Chinese trade data released early in the day revealed a …

Market Recap: Stocks Post Modest Gains as Financials … – Schaeffer’s Investment Research

admin — Wed, 10 Mar 2010 22:26:52 +0000

Stocks hovered just north of breakeven for most of the session, with financial issues pacing the advancing equities. Citigroup (C) and American International Group (AIG) led the charge higher for the second day in a row , while regional banking …

Stocks rise slightly after government reports drop in … – Union-News & Sunday Republican

admin — Wed, 10 Mar 2010 21:45:00 +0000

Bond prices dipped. The yield on the benchmark 10-year note, which moves opposite its price, rose to 3.72 percent from 3.71 percent late Tuesday. Gold fell. Crude oil rose 60 cents to settle at $82.09 per barrel on the New York Mercantile Exchange.

Global gains to boost local market – Australian Broadcasting Corp.

admin — Wed, 10 Mar 2010 21:38:00 +0000

Copper prices rose after figures from China showed the country’s exports … Spot gold had eased to $US1,108.70 an ounce. West Texas Crude was worth $US82.06 per barrel. The price of a barrel of Tapis crude had edged up to $US83.30.

Stocks Settle with Varied Gains – Briefing.com

admin — Wed, 10 Mar 2010 21:38:00 +0000

Gold was a primary source of weakness — it settled 1.3% lower at $1108.20 per ounce. Oil prices gained 0.7% to close pit trade at $82.09 per barrel. Oil prices had traded around $83 per barrel, which marked a multiweek high, in the wake of a smaller …

CANADA STOCKS-TSX bounces higher on oils, China trade … – Reuters

admin — Wed, 10 Mar 2010 21:38:00 +0000

… to push higher in choppy trade on Wednesday, after two days of losses, as oil prices firmed and trade data from China helped lift some mining issues. The oil and gas sector climbed 0.9 percent as the price … percent as spot gold prices sank.

Stocks rise after inventories fall and sales gain – Forbes

admin — Wed, 10 Mar 2010 21:38:00 +0000

Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies’ inventories. The Dow Jones industrials rose only 3 points as the market remained in a lull that began on Monday. Many investors stayed on the …

AUD/CHF

admin — Wed, 10 Mar 2010 19:25:06 +0000

The AUD/CHF remains in a strong uptrend with a new 20-month high being printed this morning.

USD/CAD Channel Presents Scalping Opportunity

admin — Wed, 10 Mar 2010 19:25:06 +0000

The Canadian dollar continues to find support on strong domestic fundamentals and an increase in broader optimism. The USD/CAD has closed lower for eight straight days and is looking to end that streak today. However, we have seen daily volatility condense which has created an ideal scalping opportunity. The pair continues to trade along a descending support trend line which is limiting downside risks and providing a target level for traders.

U.K. Manufacturing Tumbles for the First Time in Five Months

admin — Wed, 10 Mar 2010 19:25:05 +0000

A Drop in German Exports Casts Doubt on Recovery

admin — Wed, 10 Mar 2010 19:25:05 +0000

The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone members.

FXCM Introduces Mobile Forex Trading

admin — Wed, 10 Mar 2010 19:25:05 +0000

Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters

admin — Wed, 10 Mar 2010 19:25:04 +0000

The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate system.

Fed in Process of Orchestrating Policy Shift

admin — Wed, 10 Mar 2010 19:25:04 +0000

While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands out and has actually outperformed, with no direct catalyst for the demand other than some pre-RBNZ volatility.

Daily Sound Bites 03.10

admin — Wed, 10 Mar 2010 19:25:04 +0000

Oil, Gold May Decline as Monthly US Deficit Hits Record

admin — Wed, 10 Mar 2010 19:25:02 +0000

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

Wholesale inventories fall, sales surge

admin — Wed, 10 Mar 2010 18:48:06 +0000

WASHINGTON (Reuters) – U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.

UPDATE 2-Deals of the day — mergers and acquisitions

admin — Wed, 10 Mar 2010 18:47:57 +0000

(Adds Barratt, Helen of Troy, Glanbia, others; updates China
Mobile, Lone Star, Novartis, others)

RLPC-Dubai’s Istithmar kicks off ISS auction -bankers

admin — Wed, 10 Mar 2010 18:47:56 +0000

LONDON, March 10 (Reuters) – Information memoranda have been
issued for the sale of Istithmar’s port and shipping agent
Inchcape Shipping Services (ISS) as the auction gets underway,
bankers close to the deal said on Wednesday.

Ex-ITV boss takes over at EMI Music as CEO goes

admin — Wed, 10 Mar 2010 18:47:54 +0000

LONDON, March 10 (Reuters) – EMI Music, which is seeking new
funds to avoid breaching debt covenants, said Chief Executive
Elio Leoni-Sceti would step down shortly, just a month after he
was tasked with finding a new business plan.

UPDATE 2-Top Goldman partner Hu to launch China fund -sources

admin — Wed, 10 Mar 2010 18:47:53 +0000

* Hu plans to launch new China private equity fund – sources

UPDATE 2-Kabel Deutschland sets price on $1 billion IPO

admin — Wed, 10 Mar 2010 18:47:52 +0000

* To offer up to 30 mln shares, 4.5 mln greenshoe option

UPDATE 2-Lone Star to resume $3.9 bln KEB stake sale – KEB

admin — Wed, 10 Mar 2010 18:47:51 +0000

* Hana, Kookmin, KDB have expressed interest
(Adds background, comments)

Goldman China partner Hu retires to plan fund -sources

admin — Wed, 10 Mar 2010 18:47:50 +0000

BEIJING/SHANGHAI, March 10 (Reuters) – Fred Hu, a
high-profile China dealmaker is stepping down as partner of
Goldman Sachs , according to an internal memo, as sources
said he plans to seek opportunities in the country’s fast-growing
private equity industry.

KEB says Lone Star to resume $3.9 bln KEB stake sale

admin — Wed, 10 Mar 2010 18:47:48 +0000

SEOUL, March 10 (Reuters) – U.S. private equity fund Lone
Star [LS.UL] plans to resume selling its 51 percent stake in
Korea Exchange Bank , worth 4.4 trillion won ($3.89
billion) at current market prices, the South Korean bank said on
Wednesday.

Retaliation fears stalk Nigeria city after clashes

admin — Wed, 10 Mar 2010 18:47:45 +0000

JOS, Nigeria (Reuters) – Sporadic shooting rang out overnight in the central Nigerian city of Jos and witnesses said at least one person was killed by soldiers enforcing a curfew days after attacks on three nearby Christian villages.

Chavez trusts God and nature in power crisis

admin — Wed, 10 Mar 2010 18:47:41 +0000

CARACAS (Reuters) – President Hugo Chavez is confident that God and nature will pull Venezuela out of a power crisis battering both the economy and his popularity.