Analysts at UBS are re-affirming and adding to bets against AUD/NZD. They say to increase shorts on a close below 1.0865 with a target of 1.0660 and stops at 1.0945.
Posts Tagged ‘ubs’
The UBS consumption indicator climbed to 1.43 index points in November from 1.26. This rise was due to a higher assessment of business conditions in the retail sector, although weaker figures for new car registrations prevented a steeper increase
Wal-Mart Stores, Inc. (NYSE:WMT) could eventually face a heavy fine from the Securities and Exchange Commission over allegations last year that its employees in Mexico bribed officials to boost its business, according to one former SEC attorney.
Former RP Martin inter-dealer brokers Terry Farr and James Gilmour charged with conspiracy to defraud The Serious Fraud Office has charged two brokers with conspiracy to defraud as part of its ongoing investigation into the rigging of Libor. The two men, who formerly worked for inter-dealer broker RP Martin, were arrested in December along with Tom Hayes, who last month was charged with eight counts of conspiracy to defraud.
Technical analysts at UBS forecast more gains for USD/JPY after the 38.2% retracement of the rally held.
The dollar-yen could breach its 2007 pre-credit crisis high of 125 if the Bank of Japan expands its aggressive asset purchase program further, a UBS research note said on Wednesday.
• Bankers’ elite club largely intact • Institute of Directors speaks out • How to unwind QE • Betting against the Pru Five years ago this week the banking crisis became serious.
LONDON/ZURICH, Jan 9 (Reuters) – UBS’s investment banking and risk management bosses will be quizzed by British lawmakers on Wednesday on standards and controls at the Swiss bank after a string of scandals.
Computer meltdowns, government cock-ups, inflated floats, on-off mergers, tax avoidance, Libor-rigging … when the financial news wasn’t farcical, it was often plain criminal This has been a vintage year – maybe not for business but for commercial farce and scandals. So the Observer ‘s business awards committee was deluged with entries as it met to dole out this year’s gongs.
Paul Richards, UBS has the currency play on the falling yen.
Shahab Jalinoos, UBS, offers best ways to play currencies now.
Jury sworn in at start of trial expected to last eight weeks at Southwark crown court A jury was sworn in at Southwark crown court on Monday to hear the case of Kweku Adoboli, a City trader who is accused of causing £1.4bn of losses for his former employer, the Swiss bank UBS. Adoboli, 32, from Whitechapel, east London, attended the court in a dark suit and red tie at the start of his trial for two counts of fraud and two counts of false accounting
According to Research Analyst Chris Walker at UBS, “If the recent Fed minutes are any indication,… For more information, read our latest forex news and reports
FXstreet.com (Barcelona) – UBS continues to favour the safe-haven dollar against the euro and… For more information, read our latest forex news and reports