Fara Wave

The FX markets are fairly quiet which is typical following a major holiday and year-end. The EurUsd is 54pips higher at high 1.40 price area, while the UsdJpy gained 30 pips to the 90.67 level. The GbpUsd slid roughly 40pips to low range of 1.47. Equity markets are mostly unchanged…
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Despite massive price-cuts in an attempt to save the holiday shopping season, 2008 proved to have the worst holiday retail sales in decades amid decreasing consumer spending. As American consumers curb spending due to the recession, climbing unemployment, and tightening credit conditions, sales dropped by 2.5 percent in November and…
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Warren Buffett’s official biography, ‘The Snowball’, does not reveal a great deal that was previously unknown about the world’s greatest investor who has always played his cards close to his chest.
But it did contain plenty of references to his failures as well as his huge successes, and is about as fair and balanced as [...]

Buying a few gold coins or the odd mini-ingot and hiding them away has been a successful investment strategy over the past five years. Even in the annus horribilus of 2008 investors who chose gold over other asset classes have been well protected while others have seen their wealth decimated. US dollar gold prices have [...]

Dubai stocks plunged 5.5 per cent today back down to the previous low of 1,800 amid worries about declining oil prices, a local house price crash and continued poor liquidity in the banking sector.
This is almost a perfect storm with the Dubai Financial Market down by more than 70 per cent this year, making it [...]