For billionaire investor Carl Icahn, 4 percent of a company isn't just a sizable stake. It's a sledge hammer and a crowbar, combined. The 72-year-old financier, now attempting to alter the balance of negotiations between Microsoft and Yahoo, was a

We know about the Japanese yen, the Euro and the U.S. dollar. Now there's the Linden. The Linden dollar is used in a 3-D online virtual world to buy and sell virtual objects such as motorcycles, cars, furniture, houses and

The Reserve Bank Board meets next week on June 3 and the result of the meeting will be known at 2:30pm Sydney time on that day. We expect the Bank will hold rates steady but firm up a very clear

5/30/2008 - USD/JPY - Price action on the key USD/JPY daily chart, as shown, has reached a critical resistance level. This level is in the form of a significant long-term downtrend line (represented on the chart by the long, red

Canadian real GDP contracts 0.3% (annualized) in Q1 U.S. downturn, inventories and poor weather sources of weak quarter Anyone who thought that the downturn in the U.S. economy would not seriously impact Canada should have a look at this morning's

AUD/USD turned into consolidation before 24 year high of 0.9653 last week and edged mildly lower. With an intraday top in place, further pull back could seen be seen to 0.9507 support or below. Though, downside is still expected to

Cable was basically bounded in sideway consolidation last week. But with 1.9612 cluster support (50% retracement of 1.9363 to 1.9852 at 1.9608) holds, outlook remains unchanged. Prior break of falling trend line resistance indicates that fall from 2.0391 has already

USD/CHF's sharp rebound from 1.0214 extended to as high as 1.0526 before retreating. With an intraday top in place, some consolidation could be seen initially this week. However, note that fall from 1.0623 should have completed already. The corrective structure

USD/JPY finally broke of multi week sideway trading and edged higher to 105.87 before consolidating. While some more consolidation could be seen initially this week, as mentioned before, break of 105.70 resistance indicates that whole rise from 95.77 should have

Dow -7 S&P +1 Nasdaq +11 Markets opened higher this morning, seeming to recover slightly from yesterday's late sell-off after the Commerce Department reported April inflation was in-line with estimates. Prices Paid data from Chicago PMI was in the higher

Inflation figures for Euroland in May were released during the week. Inflation came out at 3.6%, which is 0.3 percentage points up on April. We expect that inflation will increase further over the summer, mainly because of rising oil prices.