United Continental is struggling to better compete Middle Eastern carriers

November 22, 2013 10:48 am
The Chief Financial Officer of the United Continental Holdings Inc. (UAL), John Rainey said yesterday in an interview that his company is interested in Boeing Co. new 777 planes in an attempt to better compete long-range flying as it braces for increased competition from Middle Eastern carriers such as Emirates. The largest U.S. operator of […] Read more

Japan’s stock outlook by Goldman Sachs boosted sixth time this year

November 22, 2013 9:19 am
Although there are growing concerns about the economic policy of the Japanese Prime Minister, Shinzo Abe, Goldman Sachs raised its one-year outlook for Japanese shares, boosting their price target for a sixth time in the current 2013 year. In a yesterdays report by a group of strategists led by Kathy Matsui, cited by Bloomberg, “Goldman […] Read more

USD/CHF trades little changed after the ZEW report

November 20, 2013 1:26 pm
USD/CHF traded little changed after the release of the ZEW index by the Centre for European Economic Research. The pair reached a session high at 0.9118 at 9:55 GMT, after which consolidation followed at 0.9111, ticking up 0.01% on a daily basis. Support was to be found at November 18-th low at 0.9080, while resistance […] Read more

NZD/USD edges lower after Bernanke’s statement, New Zealand inflation data

November 20, 2013 10:47 am
NZD/USD edged lower, after the statement of Federal Reserve Chairman, Ben Bernanke and despite positive inflation data released out of New Zealand earlier. NZD/USD fell to a session low at 0.8323 at 8:38 GMT., losing 0.49% on a daily basis. Support was to be encountered at November 17-th low 0.8335, while resistance was to be […] Read more

USD/INR reaches two-week lows, after comments by the President of FRBNY

November 19, 2013 2:24 pm
USD/INR reached a two-week lows, after the speculation that the Fed will continue with its record high ($85 billion) monthly stimulus program, which is expected to remain unchanged until the policy meeting on 18-th/19-th of March 2014. The pair reached a session low at 61.710 at 8:40 GMT, which is pairs lowest point since November […] Read more

The kiwi advances against the greenback after a survey by the RBNZ, Fed speculation

November 19, 2013 9:04 am
The New Zealand dollar advanced against its US counterpart, after the Reserve Bank of New Zealand (RBNZ) revised downwards its inflationary expectations for the fourth quarter . This seems to have had a limited impact on the NZD/USD cross, as sentiment was still under the influence of Fed Chair-nominee Janet Yellens statement last week. NZD/USD […] Read more

USD/INR retreats on RBI Governor’s comments

November 18, 2013 3:04 pm
The U.S. dollar depreciated substantially against the Indian rupee in connection with the announcement of the governor of the Reserve Bank of India(RBI), made on 15-th of November. This is the third consecutive day of trading in which the Indian rupee is advancing against the dollar, after the governor of the Indian Reserve Bank announced […] Read more