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Daily forex forecast - 29/4/2010

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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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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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Prudential investor could scupper AIA deal: report

Capital Research and Management, Prudential's largest shareholder, could potentially scupper the British insurer's $35.5 billion takeover of Asian rival AIA, the Daily Telegraph reported in its Tuesday edition.
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Google loses Verizon, changes Nexus One plans

Google Inc said it no longer plans to offer a version of its Nexus One smartphone for the Verizon Wireless network and will change its distribution plans in Britain, underscoring the challenges facing the Internet search company as it expands into the mobile phone market.
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Google smartphone coming to stores, no Verizon

Google Inc's Nexus One smartphone will be sold in Vodafone retail stores in Britain at the end of the month and the company said there are no longer plans to offer a version of the phone that uses the Verizon Wireless network in the United States.
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Best Buy vows UK success; Carphone ups profit view

Best Buy , the world's No.1 electricals retailer, will do whatever it takes to succeed in the UK, joint venture partner Carphone Warehouse said as it raised profit forecasts for the third time in six months.
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Stock futures signal gains; Caterpillar eyed

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.16 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.1 percent at 5:06 a.m. ET.
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Best Buy sees UK success; Carphone ups profit view

Best Buy , the world's No.1 electricals retailer, will do whatever it takes to succeed in the UK, joint venture partner Carphone Warehouse said as it raised profit expectations for the third time in six months.
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Fed to extend extended period

With official interest rates near zero and the Federal Reserve unable to cut them any further, every policy meeting by definition brings the central bank one step closer to an eventual monetary tightening.
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China gains clout in World Bank vote shift

China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
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Shortsighted to oppose bank tax, IMF warns

Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.

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