New Zealand Business NZ PMI improves to 56.3 in Feb from 55.2
Mar 14, 2013
US stress tests: Warning signal to JP Morgan and Goldman Sachs
The Federal Reserve granted capital plans approval for 14 flagship American financial institutions in accordance with the the Comprehensive Capital Analysis and Review (CCAR) aka Stress Tests. Two other institutions, Goldman Sachs and JPMorgan, received conditional approval, while the Federal Reserve opposed plans on two enterprises.
Forex: The Euro says enough and recover the 1.3000 place; What next?
The EUR/USD completed a 800 pips decline from the 16-month high of 1.3710 reached February 1st to post today a fresh 3-month low at 1.2910. The pair has retraced all its YTD gains and has posted 1.66% losses in 2013. The pair failed to break below the 1.2900 frontier and recovered the 1.3000 print, but the picture is open yet.