Friday's selloff from 85.23 to 84.23 suggests price would 'gyrate' inside the previous range of 83.58-85.91 and downside bias remains, however, only a breach of 83.58 would confirm downtrend has resumed and yield further weakness towards 83.00/10 before prospect of a rebound.On the upside, above 85.
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CHFThe pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, suggests further rate range movement with no clear signs regarding choice of planning prio.
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Cash: 71.0% (v 71.0% last week) Long: 20.7% (v 20.7%) Short: 8.3% (v 8.3%) This data is updated weekly and can be found on 'Performance/Portfolio' menu tab on thewebsite. As always the total gain/loss (both dollars and percentages) only apply to the open portion of.
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AP – The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the automaker said Tuesday.
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One of the world’s highest paid bankers, Bob Diamond, is to become chief executive of Barclays Bank as HSBC chairman Stephen Green steps down to become a trade minister in the government.
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AFP – The head of South Korea’s second-largest automaker Kia Motors has resigned to take responsibility for the recall of tens of thousands of cars over faulty electrical wiring, the company said Tuesday.
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Reuters – China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
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Reuters – The U.S. Justice department is looking into Google Inc’s takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry, the Wall Street Journal said.
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Reuters – American International Group Inc is leaning toward a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks who have expressed interest.
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AP – An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.
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The Reserve Bank has surprised no one with its decision to keep interest rates on hold for the fourth straight month.
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AFP – The Roma minority are targets of a security crackdown in France, but an EU-funded project has given two dozen members of the community new jobs and new hope at a troubled time for gypsies.
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 Moneycontrol.com |
Obama seeks massive tax break for business
Los Angeles Times Companies could save $200 billion by writing off capital investment. The president also announces a $50-billion spending plan for roads, runways and railroads. By Kathleen Hennessey and Don Lee, Tribune Washington Bureau President Obama this week will … Obama to Propose Tax Write-Off for Capital Investments Obama to Propose Massive Tax Breaks for Businesses to Invest in Growth Obama pitches new plan for roads, runways and rail lines |
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BOJ says to take timely action, keeps rates on hold
Reuters TOKYO, Sept 7 (Reuters) – The Bank of Japan held off on loosening monetary policy further on Tuesday but said it will take timely action when necessary, setting the stage for possible easing next month when there is clearer evidence of … Japan Central Bank Keeps Key Interest Rate Steady Bank of Japan Keeps Credit Program at 30 Trillion Yen, Holds Rate at 0.1% Ozawa's Chances in Japan Election 'Severe,' Key Supporter Says |
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A union representing train drivers in Perth says it hopes its members do not take any further industrial action until their claim for a pay rise has been assessed.
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