Forex Crunch Gain IPO At $9 Per Share – 35% Lower Than Midpoint

Forex Crunch Gain IPO At $9 Per Share – 35% Lower Than Midpoint

Gain IPO At $9 Per Share – 35% Lower Than Midpoint

Posted: 15 Dec 2010 03:55 AM PST

The IPO of Gain Capital was priced at $9 per share – significantly lower than the $13 to $15 price range expected, so it’s around 35% lower than the $14 midpoint. Gain Capital, which holds the lucrative forex.com domain name, sold only around 407,000 shares in the IPO, with the rest of the 9 million [...]

GBP/USD Loses Support on Soaring Unemployment Rate

Posted: 15 Dec 2010 01:43 AM PST

GBP/USD lost support after a jump was reported in the unemployment rate. It remains vulnerable to dollar strength as well. Update. Britain’s unemployment rate unexpected jumped from 7.7% to 7.9% in October. This is a retreat to previous levels – the drop to 7.7% wasn’t expected two months ago. The more fresh figure, Claimant Count [...]

Gain IPO Only to Cover Expenses?

Posted: 15 Dec 2010 01:38 AM PST

Fresh reports about the initial public offering of Gain point to a very modest IPO – the company is expected to sell only around 400K of shares, not 11 million as reported earlier. At midpoint, $14 a share, Gain Capital Holding will only raise $5 million – just covering the expenses of the IPO, led [...]

EUR/USD Dec. 15 – Extending Falls on Spanish Worries

Posted: 15 Dec 2010 12:42 AM PST

EUR/USD lost ground as US yields rose, and then got a blow from fresh Spanish worries. It still holds on to minor support, - still hanging on to hopes of an improved EU stability mechanism. Which headlines will win? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar breaking higher. EUR/USD Technicals Asian session:  Quiet [...]

Moody’s Reviews Spain for Downgrade

Posted: 14 Dec 2010 11:41 PM PST

Credit rating agency Moody’s announced that it’s putting Spain under review for a downgrade  - Spanish bonds might lose their AA1 rating, which is one level under the highest. This is taking its toll on the Euro. Spanish bond yields for 10 year notes opened higher, at 5.56%, already very close to the peak reached [...]

Forex Daily Outlook – December 15 2010

Posted: 14 Dec 2010 02:00 PM PST

CPI in the US, and Claimant Count Change in the UK, are only a few of the interesting outlook events today. Let’s see what awaits us. In the US, Consumer Price Index (CPI), goods and services purchased by consumers is 0.2% like on the previous month, while Core CPI (excluding food and energy) is about [...]

Askobid and Currensee Partner in Europe

Posted: 14 Dec 2010 09:18 AM PST

Currensee, the forex social network, expands its presence in Europe with a significant partnership with Askobid – a fast growing European broker. Askobid will allow its clients to join Currensee’s trade leader program – enabling following of trade leaders and automatically executing trades. Askobid is based in Cyprus and has clients in Europe and also in Asia. [...]

[Video] EUR/USD, AUD/JPY, AUD/USD and USD/CAD Outlooks

Posted: 14 Dec 2010 08:59 AM PST

Rob Fullem, senior analyst at Thomson Reuters, sees more room for the Euro to rise, using MarketVision (Ichimoku) daily charts. Fullem speaks about commodity currencies as well, in an iinterview with Julie Sinah on Forex TV. Enjoy! AUD/USD reached parity earlier in the day, but then retreated. This has a lot to do with China, [...]
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