FOREX

Represents a price level or area where there is more selling pressure than buying pressure and prices cease to advance when they approach this level.

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...

A group of Blackstone Group LP (BX.N) investors has appealed the dismissal of their class-action lawsuit seeking to hold the private equity firm responsible for their losses on its stock.

Australian investment bank Macquarie Group (MQG.AX) said on Monday it plans to acquire Blackmont Capital from CI Financial (CIX.TO) for $C93.3 million ($88.6 million), in a bid to expand its wealth management business and product portfolio in Canada.

U.S. government debt prices were mostly weaker on Monday before $7 billion auction of five-year Treasury Inflation-Protected Securities, part of this week's $123 billion in record supply.

The lure of double-digit returns is feeding a rally in Europe's credit markets, opening up financing opportunities for hitherto unwanted companies - and signalling the market may be overheating.

A three-month moving average of a gauge of U.S. economic activity, though below its historical trend, has neared levels seen at the end of previous recessions, a Chicago Federal Reserve report said on Monday.

First Marblehead Corp (FMD.N), one of the largest securitizers of student loans, posted a wider-than-expected quarterly loss, hurt by a six-fold increase in unrealized loss on education loans held for sale.

Germany's centre-right coalition has chosen a bold economic recovery strategy starting with unfunded tax cuts that amount to a third stimulus programme and should be welcomed around Europe and in Washington.

U.S. fertilizer maker Mosaic Co (MOS.N) said on Monday it plans to return about $580 million to stockholders through a special cash dividend that will be financed using cash on hand.

Following is the prepared text of a speech Bank of Canada Governor Mark Carney was giving in Montreal on Monday.

Despite long lines and limited supplies of theH1N1 flu vaccine, U.S. efforts against the disease are not too late, Health and Human Services Secretary Kathleen Sebelius said on Monday.

U.S. economic activity weakened in September according to a Chicago Federal Reserve report on Monday, but a three-month moving average of the index, though below its historical trend, improved close to levels associated with the end of recessions.

PrivateBancorp Inc (PVTB.O) posted a third-quarter loss, as weakness in commercial real estate forced the Chicago lender to almost triple its provision for bad loans, and said it would raise $175 million through a stock offering, sending its shares down 14 percent in pre-market trade.

European shares were little changed on Monday as a rise in pharma stocks offset weaker insurers, which were dragged down by ING (ING.AS), which fell after announcing its plan to split the company.

News, details on corporate bond issues in the European markets on Monday:

European shares edged higher in early trade on Monday, with higher oils and pharmaceutical stocks outweighing weaker financials.

Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers.

U.S. stock index futures indicated a modestly higher open on Monday, after a sell-off in the previous session, as investors looked to a busy week of economic data, while the U.S. dollar fell to a 14-month low.

The Australian Dollar opens marginally lower on Monday against the greenback at 0.9201. Last Friday saw another move towards US93 cents as investors sold the Japanese Yen to move into higher-yielding currencies, in what is commonly known as a carry trade. The local unit is nudging one-year highs against the Yen at 84.58. In offshore action the Aussie retreated beneath US92 cents after Wall Street fell 1 per cent, giving back the gains of the previous session and sapping the market's confidence...

Sales of previously owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.

New York gold futures ended lower in choppy trade on Friday, reversing gains from earlier in the session as the dollar rebounded against a basket of major currencies after an optimistic U.S. housing report and bleak U.K. economic data.

Benchmark sterling interbank lending rates paused at 5-week highs on Friday after news that Britain's economy unexpectedly contracted again, while abundant amounts of liquidity kept euro and dollar rates pinned at record lows.

Currency speculators increased bets against the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $18.65 billion in the week ending Oct 20 from a $17.99 billion net short the prior week.

Japan's Nikkei stock average edged up 0.2 percent on Friday, with construction machinery shares rising on hopes for China's economy and Kirin Holdings (2503.T) gaining ground on a brokerage upgrade.

The Aussie dollar ran into a wall of resistance ahead of 93 cents during yesterday's Asian morning session retreating throughout the afternoon with the market somewhat disappointed by China's envious 8.9% economic growth result.

Foreign central banks' holdings of U.S. Treasuries at the Federal Reserve rose sharply in the latest week, data from the U.S. central bank showed on Thursday. Treasuries held by overseas central banks at the Fed jumped 28.71 billion to total $2.129 trillion in the week to Oct. 21.

Can a weaker dollar propel oil prices higher than current levels near $81 a barrel, or will bearish oil market fundamentals hold oil prices back? The correlation between oil prices and the dollar has reached a coefficient of -0.9 in 2009, Reuters data shows.

Disappointing corporate results knocked equities lower on Thursday, set Wall Street up for a poor start and helped the dollar bounce off 14-month lows. Gold and oil both slipped as the dollar rose. Euro zone government debt was stronger.