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  • James Boston

    The British Pound continues to gather momentum as the markets grow more confident that the Bank of England will vote to raise interest rates, possibly as soon as Q2 this year. As I discussed yesterday the Bank’s Governor, Carney, set a target unemployment rate of 7% as the level at which the British Monetary Policy

  • David Becker
    Stock market » Nasdaq Soars Ahead of the Rest
    David Becker - January 23, 2014, 14:00 GMT

    There is a robust rally taking place in the stock market. It’s not obvious or easy to see, but the rally generated a breakout in January and continues to move higher on strong momentum. Although many market pundits have made it clear that they believe this year’s strength will be in individual stocks, both large

  • Sergiy Zlyvko
    Currency » 22 January Forex daily review
    Sergiy Zlyvko - January 23, 2014, 08:57 GMT

    In Wednesday trading on the foreign exchange market has multidirectional nature: The U.S. dollar rose against the single currency and the Swiss franc and fell against the British pound and the Australian dollar. GBRUSD rate rose sharply after the release of positive data on the labor market and the UK Bank of England protocols. Australian

  • James Boston

    Ahead of next weeks US Federal Open Markets Committee (FOMC) meeting, the word is that the Fed is congratulating itself on the success of it’s tapering program and plans to announce a further cut to bond buyback activities of up to $10bn. Despite the recent sharp fall in unemployment and the relative buoyancy of the

  • David Becker
    Business » Drug Stores are Pocketing Cash
    David Becker - January 22, 2014, 12:51 GMT

    The drug store business continues to experience upward momentum and it is CVS which is leading the way higher. CVS/Caremark Corp (NYSE:CVS) together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company updated the market about its long-term growth strategy, accompanied by the 2014 guidance. Adjusted earnings for 2014

  • Sergiy Zlyvko
    Currency » 21 January Forex daily review
    Sergiy Zlyvko - January 22, 2014, 12:26 GMT

    On Tuesday morning events in the currency market evolved in line with our expectations. The EURUSD on mixed ZEW index data decreased to the level of 1.3515 (35 pips fell short of the target). GBPUSD dropped to 1.6400. After unsuccessful attempts to break through the 1.3510 and 1.6400 closer to the publication of the IMF

  • Constantinos Philippides

    The Cypriot authorities are seeking alternatives for the allocation of €400 million from the Central Bank to the Government, in view of the advent of the creditors at the end of the month. The scenario of selling gold seems to have been permanently rejected and the administration of the CB seeks other ways to secure

  • David Becker

    Airlines have seen strong gains recently as travel throughout the United States has increased and Jet Fuel prices have declined. Recent figures from the Department of Energy show that distillate demand has increased along with demand for Jet Fuel. With prices of energy declining, airlines should continue to benefit throughout the holiday season. Travel generally

  • Sergiy Zlyvko
    Currency » 20 January Forex daily review
    Sergiy Zlyvko - January 21, 2014, 12:54 GMT

    Currencies behaved restraint on low trading volumes and lack of economic catalysts. Published reports from China in the morning set the tone for the whole day. As a result, EURUSD came to an end Monday to around 1.3560 and GBPUSD – to 1.6430. This week, the number of economic releases is limited, but the season

  • James Boston

    European markets are recovering today after yesterday’s lower closes. A 5.4% fall in Deutsche Bank stock dragged markets down following the surprise announcement from this financial institution of a Q4 2013 loss of €1.153bn. Deutsche Bank is believed to be one of the healthier German banks and this result is naturally concerning for the sector.