March 1st, 2013
Talking Technical – GBPUSD
by Pedro Orta After reaching a two and a half year low, the pound has been trading in a range between 1.5070 and 1.5220. Initial resistance and support levels are seen at 1.5240 and 1.5050 respectively.
Top News
- BOJ keeps policy on hold; Kiuchi proposes looser price target timeframe May 22, 2013TOKYO (Reuters) - The Bank of Japan on Wednesday decided to keep monetary policy on hold, but one board member tried unsuccessfully to loosen the central bank's commitment to achieving its 2 percent inflation target within two years. In a unanimous vote, the BOJ maintained its pledge to increase base money, or cash and deposits at the central bank, at a […]
- Asia stocks rise as Fed official backs easy policy May 22, 2013BANGKOK (AP) — Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy. […]
- Senate panel approves immigration bill May 22, 2013WASHINGTON (AP) — Far-reaching legislation that grants a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters somberly sidestepped a controversy over the rights of gay spouses. […]
- Merck signs $5 billion share buyback agreement with Goldman Sachs May 22, 2013(Reuters) - Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to prop up shareholder value in face of stiff competition from makers of less-costly generics. Under the accelerated share repurchase agreement (ASR), Merck has agreed to repurchase about 99.5 million shares fr […]
- The Irish loophole behind Apple's low tax bill May 22, 2013By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation revealed Tuesday that Apple, maker of iPhones, iPads and Mac computers, channeled profits int […]