Results for bankruptcy
1 articles with this tag name
  • The markets opened the week with a massive liquidation of risk as yen soared across the board with USD/JPY gaining 200+ points before finally finding some support at the 9600 level. News of the possibility of a GM bankruptcy hit the markets hard with Nikkei dropping -390 points for the day. One key concern for investors, aside of from the natural economic fallout of the failed automaker is the impact of a potential GM bankruptcy on major money center banks. The teetering automaker carries $300 Billion worth of debt and it is unclear as to how much of it will need to be written off should GM file for Chapter 11. As a result European banks such as Deutsche Bank and Commerzbank were sold heavily at the start of Frankfurt trade.
    Tags: usd, gm, jpy, bankruptcy, banks

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
EUR/GBP
Medium term



Buy Buy at .8293
Stop at 0.8269
Target at 0.8328
AUD/USD
Medium term



Sell Sell at .9094
Stop at 0.9178
Target at 0.8817
GBP/JPY
Medium term



Sell Sell at 140.1100
Stop at 142.22
Target at 136.94
currency recommendation
NZD/USD
Medium term
Opened 7/27/2010
Sell Short from 0.7395
Stop at 0.7526
Target at 0.7169

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.2812
  • 1.2912
  • 1.2791
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.5187
  • 1.5335
  • 1.5180
GBP/USD
5 min chart
  • USD/JPY
  • up
  • 87.26
  • 87.43
  • 86.86
USD/JPY
5 min chart
  • GOLD
  • down
  • 1191.7
  • 1197.8
  • 1187.7
.GOLD
5 min chart
  • US Stocks
  • down
  • 10237
  • 10278
  • 10197
.US30
5 min chart
  • UK Stocks
  • down
  • 5234.0
  • 5244.8
  • 5180.3
.UK100
5 min chart
  • DEM Stocks
  • down
  • 6009.3
  • 6060.8
  • 5975.0
.DE30
5 min chart
  • JP Stocks
  • up
  • 9318
  • 9393
  • 9220
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.2812
  • 1.2912
  • 1.2791
5 min chart
  • GBP/USD
  • down
  • 1.5187
  • 1.5335
  • 1.5180
  • USD/JPY
  • up
  • 87.26
  • 87.43
  • 86.86
  • USD/CHF
  • up
  • 1.0515
  • 1.0542
  • 1.0484
  • USD/CAD
  • down
  • 1.0419
  • 1.0446
  • 1.0350
  • AUD/USD
  • down
  • 0.8829
  • 0.8859
  • 0.8798
  • NZD/USD
  • down
  • 0.7177
  • 0.7194
  • 0.7147
  • USD/MXN
  • down
  • 12.7587
  • 12.7947
  • 12.7199
  • EUR/JPY
  • down
  • 111.80
  • 112.83
  • 111.20
  • GBP/JPY
  • down
  • 132.52
  • 133.71
  • 132.31
  •  
  • current
  • high
  • low
 
  • GOLD
  • down
  • 1191.7
  • 1197.8
  • 1187.7
5 min chart
  • SILVER
  • up
  • 17.789
  • 17.877
  • 17.621
5 min chart
  • US500
  • down
  • 1083.1
  • 1090.9
  • 1077.9
5 min chart
  • UK Stocks
  • down
  • 5234.0
  • 5244.8
  • 5180.3
5 min chart
  • DEM Stocks
  • down
  • 6009.3
  • 6060.8
  • 5975.0
5 min chart
  • JP Stocks
  • up
  • 9318
  • 9393
  • 9220
5 min chart
  • AU Stocks
  • down
  • 4420.0
  • 4447.0
  • 4399.5
5 min chart
Data source: GFT

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