FOREXLEARNING

Wall Street set to dip after jobs data »

NEW YORK (Reuters) – Wall Street was set for a slightly lower open on Thursday as a listless report on jobless claims offset cheer over a big software acquisition.

On the M&A front, German software company SAP AG (SAPG.DE)(SAP.N) plans to buy smaller U.S. rival Sybase Inc (SY.N) for $5.8 billion to acquire technology that delivers [...]

Monetary Change We Can Believe in? »

Key News

EU Bailout Spurs Moral-Hazard Fears (Wall Street Journal)
ECB Debt-Buying Sets a Precedent The European Central Bank’s decision to purchase the debt of some euro-zone governments, just days after appearing to reject the idea, raises new risks to its independence and its reputation. (Wall Street Journal)

Quotable “In central banking as in diplomacy, style, conservative tailoring, [...]

SAP pays dear for game-changing Sybase deal »

FRANKFURT/BOSTON (Reuters) – SAP’s (SAPG.DE) planned buy of Sybase (SY.N) for $5.8 billion to stay in the mobile data race with arch rival Oracle (ORCL.O) is raising concerns the German software company may be paying too much.

Deals  |  Germany

Just three months into their new jobs, co-chief executives Bill McDermott and Jim Hagemann Snabe announced on Wednesday what [...]

Aussie April Employment Report »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

US trade defi cit widens from $39.4bn to $40.4bn in March »

News and views
US equities gained and treasury yields gained, but currency and commodity markets wee mixed. The modest lift in optimism seems to have been inspired by Spain’s announcement of spending cuts worth €15bn, with Portugal expected to follow with their own new targets in the next few days. Also comforting was Portugal’s ability to [...]

Sterling breaks below 100 hour M/A »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Key Data Points to a Soft Australian Payroll Number »

Earlier this month the RBA raised the Cash Rate for the 6th time out of the previous 7 meetings, pushing the rate to 4.50%, a 4.25% differential between themselves and the FED Fund Rate. This was widely anticipated by market participants as the Consumer Price Index, Producer Price Index and MI inflation all showed positive [...]

Bank probes expanding with new investigation »

NEW YORK/WASHINGTON (Reuters) – U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

Deals

New York Attorney General Andrew Cuomo’s office on Wednesday served subpoenas on four U.S. banks and four European lenders, [...]

Ford, Mazda aim to break up 3-way China JV: sources »

SHANGHAI (Reuters) – Ford Motor and its China venture partners, Mazda Motor Corp and Chongqing Changan Automobile Co, are seeking Chinese government approval to end their three-way tie up, two sources said on Thursday.

Deals  |  China

Ford and Mazda both plan to set up their own separate joint ventures with Changan, a move which will give the automakers [...]

Euro debt crisis watch »

The EU, IMF and ECB relief measures has helped calm fears, but worries remain abundant. The crisis seems to have been “downgraded” from a full-blown global crisis to a more local European crisis. Pressure on the financial system in Euroland remains. Banks in Southern Europe are still having a hard time and the FRA/OIS spreads [...]