News

09.11.2016

Technical analysis : USD/CAD unchanged on Election day

The US Dollar was almost frozen against all other currencies, including the Canadian Dollar, as the currency exchange rate was only four pips higher than the opening price by mid-Tuesday. Although, the pair experienced some volatility, it does not even matter, if the US presidential elections are being taken into account. The whole basis and policy of the largest economy in the world is about to be changed or enforced even further by the results of the election, which will come in the upcoming hours. If Clinton wins, the Greenback will surge, and vice versa in case of a Trump victory.  

 
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08.11.2016

Seminar Trading ideas for 2017: Lantern Fund Forum, 21st November at 16:30 (by IG Bank)

During this seminar we will analyze the current market trend on major stock indices, currency pairs and commodities using a combination of Macro and technical analysis. You will also familiarize with a number of tools, indicators and methodology useful to profit in financial markets

 
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08.11.2016

Equatorial Guinea accused Swiss and French media of conspirancy

The Government of Equatorial Guinea accused "French lobby groups, with the complicity of Swiss media and institutions," of conspiring in "a false and wholly negative media campaign" against the country's Vice-President, Teodoro Nguema Obiang Mangue.  In a statement released on Monday night, the government condemned actions by France and Switzerland that it said were designed to influence the International Court of Justice (ICJ) in The Hague as it deliberates over the case brought by Equatorial Guinea against France. 

 
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08.11.2016

Credit Suisse, UBS: dark horizon for workers

UBS and Credit Suisse send clear signals: cutting costs is the first step, possibly within the year. Q3 results showed, in fact, that the two banks are still spending too much. UBS saw its revenue shrink losing revenue from the wealthy customers and restless showing on the face of trading. Income, in practice, have fallen faster than the process of reducing the part of the bank charges. Instead Credit Suisse had almost reached the target in 2016, but in the third quarter expenses were up 2%.

 
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08.11.2016

Adecco looks at Brexit as a good occasion

Recruitment giant Adecco's revenues rose 3% year-on-year to €5.8bn, with gross profit also increasing 1% over the period. Group earnings before interest, taxes and amortisation (EBITA) excluding one-offs was down 3%.  

 
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08.11.2016

Unemployment bulletin: dead calm in Switzerland

The unemployed registered at employment offices at the end of October, were 144.531 in Switzerland, or 1.856 units more than the previous month, according to figures released by the State Secretariat for Economic Affairs (SECO). However, the unemployment rate remained unchanged at 3.2%, confirming the trend from May. At the beginning of the year it was 3.6%.

 
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08.11.2016

Lagarde: equal pay for men and women is the goal

Christine Lagarde, the chief of the International Monetary Fund, called on governments and businesses to do more to promote the same economic opportunities for men and women and to fight discrimination that interferes with those goals.

 
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08.11.2016

A Special Looking-Ahead into FX, Indices, Gold, Silver and Oil

In his last webinar, Ashraf Laidi, financial analyst and trader, author of "Currency Trading & Intermarket Analysis", has analyzed different financial instruments, using technical analysis and seasonality. In particular Ashraf Laidi focused on what will be the future movements of EUR/USD, Oil and USD/CAD prices. Particularly timely was the forecast on Oil which, a few hours after the webinar, felt below the threshold of 50 dollars a barrel.

 
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07.11.2016

Schwyz, the canton for the billionaires

The canton of Schwyz can be defined canton of billionaires. According to the latest statistics cantonal tax, year 2013, the ultra-rich residents are 8.976 and together have 77,5 billion francs, 89,9% of the total taxable assets.

 
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07.11.2016

FBI announced not to investigate further Clinton emails

FBI Director James Comey told lawmakers Sunday the agency hasn't changed its opinion that Hillary Clinton should not face criminal charges after a review of new emails. The FBI found them as part of its separate investigation into a sexting incident by Anthony Weiner, the estranged husband of top Clinton aide Huma Abedin.

 
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