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Archive | February, 2009

News Flash – UBS Chief Resigns

26. February 2009

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Share UBS Chief Rohner has tendered his resignation and will be replaced by Credit Suisse CEO Oswald Gruebel with immediate effect, the bank announced today. UBS has lost billions of dollars in the financial crisis and is also presently facing a legal dispute with U.S. over tax evasion probe on UBS’s americans account holders. UBS annual loss in [...]

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Australia’s Economy Showing Resilient

25. February 2009

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Share The latest data coming out of Australia, Private Capital Expenditure, beat all expectations showing a strong on spending by Australia’s companies last quarter. AUD responded by moving up from 0.6460 to 0.6500 before stalling and retracing back slightly. Although the data released was great, the rebounce was mild and this has to attribute largely to the [...]

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Swiss miss

25. February 2009

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Share The Swiss franc, popularly known as Swissy among the forex trading crowd, was made the official currency of the Helvetic republic way back in 1798. The code CHF which is currently assigned to the currency is the acronym of the Latin Confoederatio Helvetica franc. The Helvetic republic has since changed its name to Switzerland, but [...]

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AUD/USD still in a Range

24. February 2009

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Share Better than expected data on Australia’s Contruction Work Done and Wage Price Index failed to push AUD above the 0.655 zone. AUD has since retraced back below 0.650. The next support on AUD/USD is at 0.6460. AUD has been in a range between 0.6350 and 0.6540 since 15th Feb. Would be better to play on a breakout of this [...]

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The Mighty Swiss in Trouble?

23. February 2009

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Share The global financial system is collapsing before our eyes. Switzerland, being so dependent on its banking system for its economy, is facing a big problem. Although on the surface it seems Switzerland’s economy is still doing well and its unemployment being well controlled, the true is its problems haven’t been revealed yet. What could collapse Switzerland will [...]

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