This past Tuesday when the GBPCAD was trading near 1.6130 I commented on the idea that the pair could find selling pressure at 1.6207. This area had a significant influence on price action in 2012 and 2013 and was, therefore, a level of interest this week.
Canadian negotiators walked away from last-minute talks Friday without resolving objections raised by a small EU regional government, leading the country's trade minister to openly question whether Europe is capable of reaching a deal.
US markets closed mixed on Friday. DJIA is down by -0.09%, Nasdaq is up by 0.30% and S&P500 is down by -0.01%. European Markets closed mixed on Friday. Dax is up by 0.09%, CAC is down by -0.09% and FTSE is down by -0.09%.
A number of popular websites like Amazon and Netflix were down for some users on Friday morning in what appears to be a massive DDoS attack. A DDoS attack -- or denial of service -- is an attempt to flood a website with so much traffic that it impairs normal service.
UBS Group AG, the world’s third-biggest currency trader, said it processed a record number of currency trades during the minutes of the pound’s flash crash this month. "We processed our highest volume of trades in a minute -- it was many thousands of trades
The U.S. Federal Reserve may introduce more measures to test big banks' capital and liquidity levels are strong enough to safeguard the financial system, the Fed point person on regulation said on Friday. Fed Governor Daniel Tarullo nodded to a new research effort within the U.S. central bank
A day after Hong Kong’s financial regulator SFC warned of Dukes Copy – an unlicensed entity making a number of outlandish claims, the Swiss forex broker Dukascopy Bank also published an alert.According to a post on the broker’s website, which also operates on the Asian market.
Asian markets closed mixed on Friday. The Hang Seng is not opened due to Typhoon Haima, Shanghai Composite is up by 0.22%% and Nikkei 225 is down by -0.30% . Aussie and Kiwi markets closed lower on Friday. S&P/ASX200 is down by -0.22% and NZX50 is down by -0.22% .
An earthquake with a preliminary magnitude of 6.6 shook western Japan on Friday, the Japan Meteorological Agency said, adding that a tsunami warning was not issued. There were no immediate reports of injuries or major damage and no irregularities at nuclear plants.
US markets opened lower today with shares in Brazil leading the region. DJIA is down by -0.15%, Nasdaq is down by -0.01%, S&P 500 is down by -0.39%. The Bovespa is down by -0.64% and Mexico's IPC is down by -0.45% .
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