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Daily forex forecast - 04/5/2010

Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.

Investors skeptical of record Greek bailout

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Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Stock futures signal gains; eyes on airlines

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U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.3 percent.
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Euro, stocks fall on Greece bailout fears

The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
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Bolivia nationalizes four power companies

Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France's GDF Suez, in his drive to tighten state control over the impoverished economy.
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Stocks rise, euro wavers; await Greek rescue news

Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries. Shares were also buoyed by strong earnings reports from major U.S. companies, which pushed up Wall Street stocks and bolstered hopes that the world's largest economy was picking u...
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Daily forex forecast - 30/4/2010

Australian Dollar: The Aussie spent the last 24 hours trading above US92 cents and is supported by our yield advantage after the U.S. Federal Reserve kept interest rates unchanged this week and maintained their oft-repeated mantra to leave interest rates at exceptionally low levels for an extended period of time.
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Pru gets South Korea anti-trust nod for AIA deal: FTC

Britain's Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission official said. told Reuters on Thursday.
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Daily forex forecast - 29/4/2010

Australian Dollar: The Australian Dollar opens at 0.9250 this morning higher against the Greenback after another night of volatile trade.
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Yahoo likes location services, mum on Foursquare

Web company Yahoo said services that allow consumers to find local information based on the location of their mobile phone were very interesting but would not comment on reports it may buy industry player Foursquare.
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Breakthrough Shows Promise Cure for Childhood Peanut Allergies

A cure for the childhood peanut allergy may be available in the next three years. In a pilot study, 21 of 23 children between the ages of seven to seventeen were successfully treated for peanut allergies, which allowed them to consume foods containing the nut without suffering a reaction.
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EUR/USD – where is the journey going on?

Good morning dear traders, yesterday was not my favourite trading day. In the beginning there have been some nice trading chances in EURUSD, however later we landed in a sideways range, whereas losses have been forecasted.
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Lloyds returns to profit as bad debts improve

Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall.
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E-mail faux pas, like ones in Goldman case, common

Goldman Sach's bond trader Fabrice Tourre has plenty to worry about, being accused of fraud by the Securities and Exchange Commission. But his amorous emails made public in the case may have him losing even more sleep at night.

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