Michael Fisher | Trading Pedia

British pound continued to sink against US dollar

May 21, 2013 3:03 pm

British pound sunk during Tuesday trading session against US dollar on official data, regarding consumer prices inflation in United Kingdom, which dropped for the first time during April since September. GBP/USD pair fell to 1.5111, a lowest value since April 4th, after which was set at levels 1.5121-1.5130. Support was expected at April 3rd lowest […] Read more

Best Buy losing grip

May 21, 2013 1:52 pm

The consumer electronic company Best Buy Co. reported today a first quarter loss comparing to last year when the results included Super Bowl TV sales. The President and CEO of the company Hubert Joly stated that this was expected having in mind the Super Bowl shifting to the fourth quarter and internal decisions of cutting […] Read more

Daxx index declines from record

May 21, 2013 12:56 pm

Germanys stocks declined today for the first time in more than a week. Daxx Index is down by 0.19% today. German banks Commerzbank AG and Deutsche Bank AG reported substantial daily drops after JP Morgan Chase downgraded their shares ratings. The benchmark index is up 11% this year mainly due to the stimulus government offered […] Read more

Producer Price Index in Germany hit 3-year low

May 21, 2013 9:31 am

Earlier today official data came out, regarding production cycle prices in Germany, which showed deceleration during April. Major reason for this decline was the dropping oil prices, as Producer Price Index (PPI) reached three year low on annual basis. PPI decreased in value by rate of 0.2% during April, while estimates showed barely a 0.1% […] Read more

A wave of mergers on Monday

May 21, 2013 9:13 am

As several analyst defined yesterday as a “slow day” on the market, it also was an dynamic day considering numerous company acquisitions. After the initiative was taken by Yahoo Inc. with the $1.1 billion purchase of Tumblr Inc., many other companies follow their example. The internet giant is going after the younger users as buying […] Read more

Awaiting UK consumer inflation data, GBP/USD almost unchanged

May 21, 2013 8:06 am

British pound showed a slight change in positions against US dollar, right before the official report, regarding Consumer Price Index (CPI) in the United Kingdom. Economists expect a slow down in inflation rate. British currency regained strength after almost six week low versus US dollar yesterday, after news of rising asking prices of UK houses […] Read more

UK workers feeling the pressure

May 21, 2013 7:55 am

The job uncertainty in UK seems to be raising as people feel more pressure at work due to job cuts and diminished control over jobs according to national survey of employees. Both, public and private sector workers are increasingly worried about their jobs, 52% of them are concerned about job status loss. However the biggest […] Read more

Gold Swings Back Following the Yen

May 21, 2013 7:16 am

Gold tracked WTIs upward momentum after the Japanese economy minister made a statement that a further weakening of the yen might harm growth. This led to an increased demand for the Asian nations currency and weakened the dollar, thus increasing precious metals price. The U.S. dollar tends to trade in an inverse relation to dollar-priced […] Read more

US stocks slightly declined after reaching record highs

May 21, 2013 7:01 am

S&P 500 Index slightly declined by 0.1% yesterday after reaching a 0.3 climb earlier. Dow Jones Industrial average is down 0.1%. Procter & Gamble Co. and Coca-Cola dropped by 1.2% as consumer goods companies declined. Health-care shares lost 0.6%, not significantly considering sector rose by 22% this year. Yahoo Inc. gained 0.2% share price as […] Read more

Forex Trading with Ukash

May 21, 2013 6:52 am

Ukash is well-known e-commerce brand. It is based on a prepaid system and via it users can purchase goods and services or spend money online. Best forex trading brokers that accept deposits with Ukash. Reportedly, there are more than 420 000 retailers all over the world that support Ukash. You can also use the official website […] Read more