Forex School - Forex Learning » 2009

USDCAD approaches the 2009/2010 low

admin — Wed, 10 Mar 2010 04:47:00 +0000

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BofA approved more than $4 billion for 2009 pay: report

admin — Tue, 02 Feb 2010 22:14:08 +0000

NEW YORK (Reuters) – Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.
The payout is about 19 percent of the $23 billion in revenue the company made from its investment banking and capital markets divisions, according to the Journal, citing a person familiar with the matter.
Each banker and trader will collect an average $300,000 to $500,000 for 2009, a figure close to what Bank of America paid in 2006, its peak year for such payouts, the report said.
Bank of America was not immediately available for comment.
On average, a quarter of the payout will be in cash and the rest will be deferred payments of restricted stock or cash paid over one and a half or three years and tied to the bank’s stock price, the Journal said.
It said some senior bankers getting seven-figure payouts would get 5 percent of their payout in cash. Some payments will be subject to clawbacks, the report added.
Earlier on Tuesday, Bank of America Corp said in a regulatory filing that Chief Executive Brian Moynihan would receive a new base salary of $950,000 beginning on January 1.
, Editing by Ian Geoghegan)

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The Euro has hit its lowest levels since July 2009

admin — Sun, 31 Jan 2010 23:36:41 +0000

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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The Dow had its worst three day sell off since March 2009

admin — Mon, 25 Jan 2010 15:59:40 +0000

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U.S. financial companies paid $145 billion in 2009: report

admin — Thu, 14 Jan 2010 11:58:57 +0000

U.S. financial companies paid $145 billion in 2009: report
NEW YORK (Reuters) – Total pay at U.S. banks and securities companies jumped nearly 18 percent to a record $145 billion in 2009, the Wall Street Journal estimated in an analysis published in its online edition on Thursday.
The analysis by the Journal shows that executives, traders, investment bankers, money managers and others at 38 top financial companies can expect to earn slightly more than in the record year of 2007. The Journal said it based its analysis on securities filings for the first nine months of 2009 and revenue estimates through year-end.
U.S. President Barack Obama on Thursday proposed Wall Street banks pay fees to recoup losses from the financial bailout, as he slammed bankers for “massive profits and obscene bonuses.”

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Kraft raises 2009 profit view

admin — Wed, 13 Jan 2010 03:53:33 +0000

KFT.N
) raised its 2009 profit forecast on Tuesday and said it was well-positioned to deliver “sustainable top-tier performance, with or without Cadbury.”
Kraft, which has made a 10.5 billion pound ($17 billion) takeover bid for British chocolatier Cadbury (
CBRY.L
) said it expected 2009 earnings per share of at least $2 per share, up from its earlier estimate of at least $1.97 per share. Analysts expected the company to earn $2 in 2009.
“We’re well positioned to deliver sustainable top-tier performance, with or without Cadbury,” Kraft Foods’ Chairman and CEO Irene Rosenfeld said in a statement.
Kraft has until January 19 to raise its cash-and-stock bid, now worth about 762 pence per Cadbury share. Analysts and some Cadbury investors have said that an offer of 800p and above would be hard to resist.
Kraft shares gained 1.7 percent Tuesday to $29.29, and were trading at $29.75 after hours.

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Qatar economy grew 11 percent in 2009: deputy PM

admin — Sun, 10 Jan 2010 10:05:53 +0000

DUBAI (Reuters) – Qatar’s economy grew 11 percent in 2009, mainly due its natural gas sector, Deputy Prime Minister Abdullah bin Hamad al-Attiyah was quoted as saying on Sunday.
Qatar, the world’s largest natural gas exporter, is set to outperform key players in the world’s top oil producing region — Saudi Arabia and the United Arab Emirates — in coming years due to massive expansion of its gas facilities.
Attiyah, also the energy minister, did not say whether the growth was in real or nominal terms and did not give further detail in comments published on the website of daily Al Watan.
The cash-rich Gulf country was expected to grow 8.0 percent in 2009 and 12.5 percent in real terms this year, a Reuters poll showed, after a 16.4 percent expansion in 2008.
Qatar’s policymakers had been expecting gross domestic product to jump 9 percent and 16 percent in fiscal years 2009-10 and 2010-11 respectively. The fiscal year in Qatar, which pegs its currency to the dollar, starts in April.
“Asian emerging economies are lining up for the Qatari gas,” said Farah Ahmed Hersi, senior economist at Masraf Al Rayan in Doha. “The economy is pretty robust and it will grow constantly in double digits over the next few years.”
Qatar’s nominal GDP rose 11 percent in the third quarter compared with the previous three months, but fell 28.3 percent on an annual basis, preliminary estimates from its statistics office showed last month.
The country’s four new liquefied natural gas (LNG) plants were expected to double capacity by the end of 2009 in the world’s richest nation in per capita income.

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China’s 2009 revenues up 11.7 percent, above target

admin — Sat, 09 Jan 2010 23:47:38 +0000

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an
which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays,
.

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Consumer Confidence Index In December 2009

admin — Tue, 05 Jan 2010 19:40:14 +0000

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
. Please read our
.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
2009 “FXstreet.com. The Forex Market” All Rights Reserved.

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FTSE 100 gains 22% in 2009 (AFP)

admin — Sun, 03 Jan 2010 23:01:34 +0000

LONDON (AFP) –
The leading stock exchange closed higher in a half-day session on Thursday — the final trading session of 2009 — to chalk up an impressive annual gain of more than 22 percent.
rose 0.28 percent to finish at 5,412.88.
Lloyds was the most traded stock, seeing 42.8 million units change hands, followed by the telecom giant Vodafone, which saw 21.8 million shares switch owners.
was top of the leader board, gaining 28.0 pence — or 4.26 percent — to finish at 685, followed by peer Hammerson, which saw shares gain 16.2 pence — or 3.97 percent — to stand at 424.
The day's worst performer was BT, which shed 2.2 pence — or 1.60 percent — to finish at 135, followed by caterer Compass, which gave up 7.0 pence — or 1.55 percent — to end at 445.2.
Sterling gained ground against the dollar but lost ground against the euro.
At 14:48, the pound was trading at $1.6174, up from $1.6078 at Wednesday's close. The pound dropped against the euro, falling to 0.8885, down from 0.8919 over the same period.

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