6 January, 2016 by The TZ Newswire Staff Comments Off on EURUSD orders 7 Jan
EURUSD orders 7 Jan
Currently 1.0790 just off session lows after dip from 1.0830 on USD demand. Good size offers into 1.0850 and plenty of also in play. Demand nearby at 1.0780 then 1.0750
6 January, 2016 by The TZ Newswire Staff Comments Off on China removes need for gold import licence for industrial use
China removes need for gold import licence for industrial use
Reuters reporting comments from the General Administration of Customs
– gold imported into China for industrial use will not require a central bank permit from the start of 2016
All part of the “let’s open up” policy but they’ve bigger fish to fry right now
6 January, 2016 by The TZ Newswire Staff Comments Off on Gartman: It’s definitely a bear market this time
Gartman: It’s definitely a bear market this time
He was wrong before, but Dennis Gartman told CNBC he believed a bear market has “begun in earnest globally” this time.
6 January, 2016 by The TZ Newswire Staff Comments Off on Despite weak start to year, Wall Street stocks have room to rebound
Despite weak start to year, Wall Street stocks have room to rebound
U.S. stocks have fallen 4.2 percent in the last five sessions, and there’s little reason for optimism amidst the international threats and corporate weakness that have prompted accelerated selling. January often is a bad month for stocks and all of the recent selling has beaten down some shares low enough to interest selective investors.
6 January, 2016 by The TZ Newswire Staff Comments Off on Deutsche Telekom under scrutiny over working conditions at U.S. arm T-Mobile
Deutsche Telekom under scrutiny over working conditions at U.S. arm T-Mobile
FRANKFURT/NEW YORK (Reuters) – Deutsche Telekom (DTEGn.DE) is facing growing pressure from investors and lawmakers to ensure proper treatment of workers at its American business T-Mobile US (TMUS.O). The German company’s biggest subsidiary has enjoyed two years of rapid expansion in a fiercely competitive U.S. market that has seen it overtake its closest rival Sprint (S.N) in terms of subscribers. T-Mobile, which has about 45,000 employees, says it abides by the law and denies mistreating workers.
6 January, 2016 by The TZ Newswire Staff Comments Off on Mitsubishi to close U.S. auto plant after failing to find buyer
Mitsubishi to close U.S. auto plant after failing to find buyer
Mitsubishi Motors (7211.T) said on Thursday it would close its sole production plant in the United States as the Japanese automaker cuts losses on dwindling sales in North America and a strong U.S. dollar, which has stymied returns. Mitsubishi Motors confirmed a report in Japan’s Nikkei newspaper on Thursday, which said that the automaker was unable to find a buyer for its factory in Normal, Illinois, and take on its workers. “We have given up looking for an automaker to buy the plant, but we are looking for possible buyers from other industries,” a Mitsubishi Motors spokesman said.
6 January, 2016 by The TZ Newswire Staff Comments Off on Trading Ideas – European session 7 Jan
Trading Ideas – European session 7 Jan
Time to let us know what’s on your book right now
There’s a lot going on with tumbles-a-plenty across a range of pairs and commodities and I fear there is more to come.