January 15, 2015 7:23 am
Yesterday’s trade saw EUR/GBP within the range of 0.7730-0.7782. The pair closed at 0.7740, losing 0.33% on a daily basis. At 7:21 GMT today EUR/GBP was up 0.04% for the day to trade at 0.7739. The pair touched a daily high at 0.7741 at 7:19 GMT. Fundamentals Euro zone Spanish consumer inflation – final estimate […]
Read moreJanuary 14, 2015 2:52 pm
JPMorgan Chase & Co announced on Wednesday a decline in earnings due to a drop in revenue from fixed-income trading and higher than expected legal costs. Net income decreased to $4.9 billion during the fourth quarter from $5.3 billion a year earlier. Earnings per share stood at $1.19 versus $1.30 a year ago. Analysts have […]
Read moreJanuary 14, 2015 1:16 pm
Apple Inc and Swedens Ericsson are suing each other over royalties for patents covering wireless technology used in every iPhone and iPad. According to a filing to the District Court for Northern California, Ericsson is seeking excessive royalties for its “Long Term Evolution”-related patents. Apple claims that the Swedish company is demanding fees based on […]
Read moreJanuary 14, 2015 11:03 am
International Business Machines Corp announced on Tuesday the release of its new z13 system aimed at providing superior performance as the company tries to revive its struggling business. The z13 system is a product of five years of development and a $1 billion investment, IBM said. The companys new mainframe utilizes the innovations covered by […]
Read moreJanuary 14, 2015 10:17 am
Samsung Electronics Co Ltd released its first smartphone featuring its self-developed Tizen operating system in India, marking a push to reduce its reliance on Googles Android. The Samsung Z1, featuring 1.2GHz dual-core processor, 768 MB of RAM and up to 64GB of memory, was released in New Delhi on Wednesday and it sells for 5 […]
Read moreJanuary 14, 2015 8:36 am
Yesterday’s trade saw USD/CAD within the range of 1.1922-1.1995. The pair closed at 1.1957, losing 0.14% on a daily basis. At 8:30 GMT today USD/CAD was up 0.21% for the day to trade at 1.1980. The pair broke the first two key weekly resistance levels and touched a daily high at 1.2017 at 7:00 GMT, […]
Read moreJanuary 14, 2015 8:20 am
Canadas Goldcorp Inc, the biggest gold miner by market value, warned late Monday that it might take an impairment charge of up to $2.7 billion on its Cerro Negro mine in Argentina due to unfavorable fiscal conditions in the country. The Vancouver-based company said the post-tax asset write-down would be recorded in the fourth quarter, […]
Read moreJanuary 14, 2015 8:08 am
Yesterday’s trade saw EUR/USD within the range of 1.1752-1.1860. The daily low has also been the lowest level since December 8th 2005. The pair closed at 1.1772, losing 0.52% on a daily basis, which marked a second consecutive daily drop. At 8:02 GMT today EUR/USD was up 0.09% for the day to trade at 1.1784. […]
Read moreJanuary 14, 2015 8:06 am
Gold slipped on Wednesday to trade close a 12-week high as a drop in commodities pressured the yellow metal, despite the threat of a US rate hike and weakness in global growth. Comex gold for delivery in February dropped 0.32% to $1 230.5 per troy ounce by 07:48 GMT, shifting in a daily range of […]
Read moreJanuary 14, 2015 7:43 am
Yesterday’s trade saw EUR/JPY within the range of 138.27-140.51. The pair closed at 138.84, losing 0.86% on a daily basis, which marked the fourth consecutive daily loss. At 7:36 GMT today EUR/JPY was down 0.53% for the day to trade at 138.08. The pair touched a daily low at 137.65 at 6:50 GMT, or the […]
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