4X Currency Trade Info - Forex Market
Confused about Forex... Read this to answer your questions about the 4x currency trade and how Forex works. This Forex Blog compiles some basic information for you about Foreign Currency Exchange and how fx works.
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Wall Street Set For Weak Opening
Posted on March 11th, 2010 No commentsThe U.S. stock futures point to a slightly lower opening Thursday morning as traders look for economic data related to trade deficit, and weekly jobless claims to get some cues on the employment situation. Strong resilience and optimism displayed by traders despite the lack of economic cues for the past three days will be tested amid anxiety over probable Chinese action in response to strong inflation data and U.S. jobless claims data. Global cues are mixed.
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Old Mutual FY09 IFRS Pre-tax Profit Falls - Update
Posted on March 11th, 2010 No commentsUK-based long-term savings group Old Mutual plc reported Thursday a decline in fiscal 2009 pre-tax profit, on IFRS basis, while the company slipped to an after-tax loss, mainly due to the impact of marking-to-market of debt, and high tax rate. Adjusted operating profit before tax rose 3% in the year. Long-Term Savings segment recorded strong revenues in the year, benefited from improved market conditions, mainly in the second half. Further, the company said it is returning to dividend payment.
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Delhaize Group Posts Lower Q4 Profit - Update
Posted on March 11th, 2010 No commentsSupermarkets operator Delhaize Group on Thursday reported a decrease in fourth quarter profit, hurt primarily by lower revenues due to high food deflation in the US. The quarter’s revenue decline also reflected price competition in the industry. For the fourth quarter, net earnings attributable to shareholders decreased 9.6% to EUR 134 million or EUR 1.34 per share from EUR 149 million or EUR 1.46 per share a year ago.
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Wm Morrison FY10 Profit Increases - Update
Posted on March 11th, 2010 No commentsWm Morrison Supermarkets Plc (MRW.L, MRWSY.PK, MRWSF.PK), Thursday, in its preliminary results for the fiscal ended January 31, 2010, reported an increase in profit for the full year, as turnover improved helped by continued customer growth. However, the company expects the economic environment to remain challenging.
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RealtyTrac: Feb. Foreclosure Activity Up 6% From Last Year, Down 2% Sequentially - Update
Posted on March 11th, 2010 No commentsRealtyTrac, an online marketplace for foreclosure properties, Thursday stated that foreclosure filings rose 6% in February compared to last year, but declined 2% from the previous month. Nevada, Arizona and Florida reported top state foreclosure rates during the month.
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Home Retail Sees Full-Year Benchmark Pre-tax Profit Above Market View - Update
Posted on March 11th, 2010 No commentsUK-based home and general merchandise retailer Home Retail Group Plc (HOME.L) Thursday said it expects benchmark pre-tax profit for the financial year ended February 27, 2010 to be slightly ahead of current market expectations. In the final eight weeks of the year, total sales at Argos segment declined 6.6% while Homebase segment’s total sales were flat with the prior year.
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Dow, S&P 500 Futures Now On NSE
Posted on March 11th, 2010 No commentsIndia’s National Stock Exchange (NSE) has announced a landmark cross-listing arrangement with the Chicago Mercantile Exchange (CME), the world’s leading and most diverse derivatives market.
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Devon Energy To Sell Gulf Of Mexico, Brazil, Azerbaijan Assets To BP For $7 Bln - Update
Posted on March 11th, 2010 No commentsDevon Energy Corp. said Thursday that it has entered into agreements to sell its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to British oil giant BP plc for $7.0 billion. BP will also assume Devon’s leases of the Seadrill West Sirius and Transocean Deepwater Discovery drilling rigs for the duration of the contract terms. Additionally, Devon and BP will form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada.
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National Semiconductor To Report Q3 Results: Earnings Preview
Posted on March 11th, 2010 No commentsChipmaker National Semiconductor Corp. (NSM) is scheduled to report third-quarter results after the market closes Thursday.
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Jo-Ann Stores Q4 Profit Rises, Beats Estimate; Guides FY11
Posted on March 10th, 2010 No commentsFabric and crafts retailer Jo-Ann Stores, Inc. reported a surge in its fourth quarter profit, driven by same-store sales growth, improved margins due to reduced product costs from global sourcing initiatives, lower clearance levels and reduced freight costs. Earning for the quarter breezed ahead of Street estimates, as did revenues. Looking ahead, the company provided its earnings forecast for fiscal year 2011.
Latest Economy Headlines
- Obama taps Boeing, Xerox chiefs to lead export body (Reuters)
- Oil near $82 as traders eye weak US demand (AP)
- India aims to be world's fastest growing economy (AP)
- Geithner warns EU on hedge fund regulation plan (AFP)
- Japan's 4Q growth weaker than first estimated (AP)
- U.S. dollar still rules, but debt level a risk: S&P (Reuters)