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Tax treaty talk spooks markets; Sensex, Nifty down 2%

Tax treaty talk spooks markets; Sensex, Nifty down 2%
The government on Monday said it will resume talks with Mauritius on the double taxation avoidance treaty. Over 35 per cent of India’s FDI and close to 70 per cent of FII inflows are routed through Mauritius, and hence the announcement triggered a selloff that took the BSE benchmark Sensex over 550 points lower in early trade. However, the markets managed to recover from intraday lows to end …
Read more on NDTV

Aust stocks sharply reverse gains
Local sharemarket drops in late trade. 20 Jun 2011 4:15 PM
Read more on Business Spectator

Be the first to comment - What do you think? Posted by - June 21, 2011 at 7:57 pm

Categories: intraday trade Tags: down, markets, Nifty, Sensex, spooks, talk, treaty

Jiayuan shares down on Wall Street debut

Jiayuan shares down on Wall Street debut
Shares in Jiayuan.com fell more than four percent as China’s top online dating site began trading on Wall Street on Wednesday.
Read more on AFP via Yahoo! News

Special Report: A fame-seeking Philly trader’s rap falls flat
Tyrone L. Gilliams Jr., a commodities trader, part-time online preacher and hip hop event promoter, is not one for understatement.
Read more on Reuters via Yahoo! News

Be the first to comment - What do you think? Posted by - May 12, 2011 at 6:41 pm

Categories: day trading online Tags: Debut, down, Jiayuan, shares, Street, Wall

Oil down ahead of U.S. inventory data

Oil down ahead of U.S. inventory data
Crude oil futures slipped again on Wednesday in volatile trade ahead of the release of weekly U.S. oil inventory data expecting to show an increase in crude stockpiles later in the day.
Read more on Reuters via Yahoo! News

Asian stocks down after soft US data
HONG KONG – Stocks in Asia dropped in early Thursday trade after disappointing US data on jobs and service sector activity sent Wall Street into a funk.
Read more on Philippine Daily Inquirer

An Intraday CAD/JPY Sideways Channel is Creating Scalping Environment
As the CAD/JPY pair has consolidated towards the downside in recent weeks, a sideways channel has emerged, though a new pattern could be on the verge of forming.
Read more on Daily FX

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Be the first to comment - What do you think? Posted by - May 5, 2011 at 6:43 am

Categories: intraday trade Tags: Ahead, DATA, down, inventory, U.S.

Hang Seng Index falls 1% in early trade, dragged down by China Mobile shares

Hang Seng Index falls 1% in early trade, dragged down by China Mobile shares
Hang Seng Index falls 1% in early trade, dragged down by China Mobile shares

Google Let Us Down

Google Let Us Down
It’s been six years since the leading search engine went public — and it occasionally calls in sick.

A Third Down Day on Wall Street

A Third Down Day on Wall Street
A decline in technology shares and weak jobs data sent Wall Street indexes down on Thursday, as traders were confronted with more signs that the global economy was slowing, Christine Hauser reports in The New York Times.

Canadian Markets: Canadian stocks end off day’s lows but close down

Canadian Markets: Canadian stocks end off day’s lows but close down
Canadian stocks closed lower Tuesday, weighed by falling commodities prices, but coming off session lows after the U.S. Federal Reserve said it would take steps to stimulate U.S. economic growth.

Global stocks down, dollar up on China data, Fed focus

Global stocks down, dollar up on China data, Fed focus
NEW YORK, Aug 10 – World stocks slumped and the dollar rose broadly today on weak Chinese data and uncertainty over whether the US Federal Reserve will take aggressive action to help the faltering economic recovery. US Treasury prices rose in a flight to quality ahead of the central bank decision, and commodity prices fell after data showed …

Forex: Dollar resumes down trend

Forex: Dollar resumes down trend
FXstreet.com (Buenos Aires) – First trading day of this August 2010 develops with dollar bearish momentum extending against major rivals, supported by market sentiment: fears of a double dip in the US economy where intensified today, after Ben Bernanke’s testimony saying there is a long way to go before a full recovery is seen.

Forex: Dollar down on the day, but against Euro

Forex: Dollar down on the day, but against Euro
FXstreet.com (Buenos Aires) – Following the weekly trend, dollar is quite negative on daily basis against major rivals, with one single exception: the so long suffered Euro. News of an IMF report warning about Spain outlook to remain uncertain, are again weighting on the common currency, as despite the recently gained bullish momentum that lifted the EUR/USD from 1.1870 to 1.3106 yesterday’s …