Currency Trading
Aftermarket Movers: Starbucks DripsNEW YORK (AP) - Starbucks Corp. saw its share price slip in extended trading Thursday on disappointing same-store sales. In the tech sector, revised guidance pushed down shares of semiconductor company PMC Sierra Inc. and software maker Business Objects SA. The Seattle-based coffee chain reported higher revenue for the second quarter compared with the same period in 2005, but missed Wall Street estimates for same-store sales, or stores open for a year or more. .Extreme Volatility South AfricaSince 5/11, risk aversion has become the buzzword in global financial markets, with central banks from 20 countries across the globe signaling higher interest rates and tighter liquidity ahead. Interest-rate futures traders are betting on two quarter-point hikes by the Bank of Japan, the European Central Bank, and the Federal Reserve. Joining the tightening bandwagon are the Bank of China and the Bank of India, whose economies expanded at 10.3% and 9.3% rates in the first quarter. From a position of complacency about macroeconomic risks to the world's stock markets, traders are recognizing that the big-3 central banks are attempting engineer a slowdown in the global economy from its blistering 5% pace, to keep commodity inflation in check. Along with the continuing drag to disposable income from high energy prices, global monetary tightening might slow global growth towards 3% in the second half of 2006.TradeStation Group, Inc. Announces the Date of Its 2006 Second Quarter Earnings Conference CallWHO: TRADESTATION GROUP, INC. WHAT: TRADESTATION GROUP, INC. CONFERENCE CALL ON THE WEB SECOND QUARTER 2006 EARNINGS WHEN: Thursday, July 20, 2006 11:00 AM (Eastern Time) / 8:00 AM (Pacific Time) HOW TO LISTEN: You'll need the Windows Media Player or Real Player to participate. DETAILS: In conjunction with TradeStation Group, Inc.'s (Nasdaq GS: TRAD) second quarter earnings announcement, which will be released at approximately 7:40 a.m., Eastern Time, on Thursday, July 20, 2006, you are invited to listen to the live webcast of the discussion of the results at http://www.tradestation.com/ . The Company's Monthly Business Metrics (Daily Average Revenue Trades and Total Client Assets) for the month of June 2006 will be announced at approximately the same time on Thursday, July 20, 2006. The live webcast will be accompanied by slides of graphs and charts. Emerging Asia FX-Rupiah rallies after rate cutSINGAPORE, July 6 (Reuters) - The Indonesian rupiah trimmed early losses on Thursday after the central bank cut interest rates and signalled further aggressive cuts, with traders expecting heavy foreign investment into a rallying bond market. Other Asian currencies remained weak as investors sold the yen ahead of a European Central Bank (ECB) meeting later in the day and U.S. jobs data this week, while regional stock markets stayed in negative territory. Most of these currencies had dropped on Wednesday after a missile launch by North Korea had ratcheted up geopolitical tensions. The rupiah had fallen as far as 9,175 per dollar, about 1.4 percent lower than Wednesday's high, in early deals. It rallied to levels around 9,120 after Bank Indonesia cut the benchmark one-month rate by 25 basis points to 12.25 percent and said it could cut rates more aggressively if economic conditions warranted such easing. Watch your options with fortune tellersThe letter said I would be shown how I could earn $10,000 a week and turn around my life. All I had to do was attend a free seminar.
The $10,000 was real, but unfortunately it would have been me who ended up paying it. The letter mirrored adverts in daily newspapers over past weeks, promoting options trading seminars in Auckland, Wellington and Christchurch. In screaming headlines, they promised if I attended that I would: Learn the secrets of the rich Find out how an ex-navy officer went from broke to earning more than $3 million by trading options Be able to give up my job, get up when I felt like it and work for just an hour or two a day Limit my risk .Aftermarket Movers: Starbucks DripsNEW YORK (AP) - Starbucks Corp. saw its share price slip in extended trading Thursday on disappointing same-store sales. In the tech sector, revised guidance pushed down shares of semiconductor company PMC Sierra Inc. and software maker Business Objects SA. The Seattle-based coffee chain reported higher revenue for the second quarter compared with the same period in 2005, but missed Wall Street estimates for same-store sales, or stores open for a year or more. . |