Gold (GLD) prices took a surprising tumble at beginning of trading yesterday despite the US dollar (UUP) remaining fairly unchanged. In fact 7800 futures contracts representing 24 Tonnes of gold were sold in the market within one minute causing an obvious supply demand imbalance resulting in a 2.25% price drop. Quite significant market move. Mind you […]
No we’re not kidding. The International Energy Agency (IEA) in a report issued today says the United States will overtake Saudi Arabia and Russia to become the world’s largest global oil producer by 2017. Not only that but it can be in a position to become an exporter of petroleum by 2030. All thanks to
US to become world’s largest petroleum producer by 2017 Read More »
Imagine going to work on Monday morning to find yourself barred out of your own office with a “pink” slip waiting for you at reception. Unfortunately many traders at the London office of Swiss bank UBS found themselves in that position as up to ten thousand of their peers at Swiss bank UBS will be losing their
The “Undressing” of UBS Bank Read More »
Apple Inc. (AAPL:NASDAQ) reported its most recent quarterly earnings yesterday disappointing analysts with a shortfall in profits although revenue expectations beat by $200 million. How is this possible you may think… Higher sales, lower profits? Answer lies in the shrinking gross margins. The cost to manufacturing Apple devices has risen and is expected to go
Apple Earnings Not so Sweet Read More »
Way to go Zuckerberg. Facebook (FB:NASDAQ) shares are jumping over 20% this morning as the company beat earnings expectations fuelled surprisingly by growth in mobile ad revenue. Furthermore Zuckerberg highlighted that 70% of mobile users visit Facebook each day, compared with only 40% of PC users and saying that mobile monetization will surpass PC monetization in
Investors “Like” Facebook (for now) Read More »
