Sakari today broke crucial support without any rebound. Plus it is now a confirmed downtrend. Next crucial support would be at 1.75 which is also a historical rising window support. Please do not catch a falling knife. At least wait till there is a bullish reversal.
Read More...-
-
BBC News – Business- HSBC machines hit by IT failureUK customers of HSBC report problems using cash machines, making card payments and online transactions, but the bank says the problem is fixed. […]
- Bleak times for Calcutta businessPolitical change in Calcutta isn't working for eithers […]
- Jubilee: Your rights to a day offYour rights to a day off to mark the Diamond Jubilee […]
- What next if Greece quits the euro?What happens if Greece quits the euro? […]
- US firms put principles before profitsThe US firms putting social values before chasing the highest profits […]
- Smaller engines drive petrol revivalSmaller engines drive petrol revival […]
- Report 'to urge cutting red tape'The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape. […]
- Euro banks 'in tatters' - ClarkeFormer chancellor Ken Clarke says Europe's banking system is "in tatters" and warns the UK is "heavily exposed" to potential problems. […]
- Balls warns of cuts 'catastrophe'Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending. […]
- Obama: EU 'must focus on growth'US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery. […]
- HSBC machines hit by IT failure
- Reuters: Business News
- G8 growth talk leaves wary markets awaiting action(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. […]
- Apple, Samsung CEOs set for court talksSAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. […]
- Facebook shares could fall below IPO price: Barron's(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. […]
- Insight: China pays high price to spare state firm from bankruptcyWEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. […]
- Euro zone row gets fat pay rise for German workersBERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. […]
- U.S. banking laws unable to stop JPMorgan loss: Republican BoehnerWASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. […]
- Wall Street Week Ahead: Market is oversold, but major signs say "sell"NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. […]
- Weaker euro zone nations need more support from core: UKLONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. […]
- Status update: Facebook's Mark Zuckerberg gets married(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. […]
- China state-run businesses to invest 350 billion yuan in ChongqingBEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. […]
- G8 growth talk leaves wary markets awaiting action