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According to Westpac: "Friday’s EUR/USD close completed a bearish 3 day pattern, confirming the end of the recent upward correction." German 10-year yield ended only slightly higher on Friday despite more notable post-employment report, notes BNP Paribas...
On Tuesday the British currency was weaker against the dollar, despite data indicating that the U.K. trade deficit fell to the lowest in more than a year in April...
Apple Pay will be linked to loyalty cards and will be introduced in the United Kingdom in July, as the company seeks to overcome hiccups with its electronic payment system, combating rivals such as Google Inc., EBay Inc.’s PayPal, etc. At 9 a.m...
"Gold's inability to rally in response to the weaker dollar this past week is a disappointment and reinforced the bearish trend that's been in place since the mid-May rally above $1,220," said Ken Morrison, trader and editor Morrison On The Markets...
If Greece fails, it will be the beginning of the end of the eurozone, Greece's Prime Minister warned this morning, as he struggled to reach an agreement with creditors...
On Tuesday the Australian dollar was lower against its U.S. peer, despite upbeat business confidence data from Australia. The greenback was also broadly lower after Monday's report saying that U.S. President Barack Obama...
Chinese online game and mobile Internet application developer NetDragon announced that Simon Leung, former Microsoft worldwide senior vice president and Greater China CEO, has joined NetDragon as deputy chairman of the board of directors...
Generally we will buy an item if it's cheap and sell it when the price has been high. If you know the price of the goods you would buy today tomorrow will come down, then you certainly will wait until tomorrow to buy it...
"The AUD/USD has been on a wild ride of late, rallying to a high of 0.8164 on 14 May, only to plunge to below 0.76 on 1 June before settling near 0.77 in front of Friday’s US payrolls report...
Gold scored gains on Tuesday (09/06)) this morning and moved off the range in the middle of the weakening u.s. dollar. However, the increase is still located near the low level 12 weeks due to investors who still yammer busy observe implementation time levels rise in U.S. interest rates...
Greece Accepts Being Near Economic Collapse The Greek Government recently admitted that their economy is standing on the verge of being collapsed...
He has supported Bitcoin and the blockchain, voicing his belief that the technologies are part of a larger change in how trust is being established in society...
USDCAD: With the pair closing lower on a rejection candle the past week, risk of further downside press sure is expected. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower may occur...
Like I wrote in the previous post about USDCAD, there was an high chance of a false break-out of the 1.253 resistance due to the weak background, and previous supply signals at that level, meaning it was a likely distribution level...
The stronger US jobs report sent gold lower - reaching the lowest trading level since March 19th. The low price extended a little below that level to 1162.66 before rebounding back higher...
England will take a 30% stake in Royal Mail LONDON. The British government said it would sell a 30% residual stake in Royal Mail Plc. Of the action, the British Government is targeting to obtain fresh funds amounting to £ 1.5 billion, equivalent to US $ 2.3 billion...
Automated trading system primarily based on ichimoku, price action, chart pattern, golden ratio and fundamental news...
According to UBS, gold remains a strong safe-haven asset despite changing dynamics in the marketplace during the last 15 years...
