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While Bank of America Merrill Lynch remains long term EUR/USD bears, their technical strategy team acknowledges that the the near term setup points to a further corrective squeeze higher. "Gains should be limited to 1.0995/1.1098, but could extend as far as 1...
Even though European Central Bank (ECB) President Mario Draghi continues to endorse a dovish tone for monetary policy, EUR/USD may face a larger correction as the Relative Strength Index (RSI) breaks out of the bearish trend...
On Tuesday crude oil futures edged higher, as investors swallowed strong manufacturing data from the euro zone...
“It’s now a lose-lose game and the best that can happen is actually muddling through,” investor George Soros, 84, told Bloomberg TV on Tuesday...
According to International Monetary Fund chief Christine Lagarde, India could surpass China in economic growth pace as soon as this year...
Click on my name above for further discussion see chart below."Everything should be made as simple as possible, but not one bit simpler" Albert Einstein...
A stop in the dollar’s rapid acceleration against the euro could threaten exporters’ leadership of the rally in European stocks, according to J.P. Morgan Cazenove analysts...
EURUSD “There is a long term level to be aware of. The line that extends off of the 2008 and 2010 lows is at about 1.0545 this week. The March 2003 low is at 1.0499. The next area of long term interest probable isn’t until about .96 (2001 high and Sep 2002 low). Above 1...
On Tuesday the New Zealand dollar edged higher against its U.S. counterpart, hovering close to a two-month peak as sentiment on the greenback remained fragile, although downbeat Chinese manufacturing activity data capped gains...
Price is near major Gann Angle drawn from Nov 2014 High and 6.25% major gann percentage from Feb 2015 Low will be looking to short AUD once we see weaknesses in this area ( Like Pin Bar - selling pressure...
The most common explanation of the recent jump in the prices for gold and oil after the Fed's statement has been the drop in the greenback, but the two commodities don’t always have an inverse relationship with the latter...
On Tuesday the greenback rose versus its peers after a top U.S. Federal Reserve official said it should wait no more than a few months before considering an interest rate hike...
Why Greek default looms Robert Peston Economics editor 23 March 2015 I have used the metaphor before of Greece and Germany being a feuding married couple, not really wanting a divorce but so unable ever to understand the other's point of view that terminal rupture remains a significant probabilit...
Spot Forex “Spot Forex” means that you are just trading one currency for another, and back again when you take the profit or loss. There is nothing complicated about this. The term “spot” originally signified that it was for actual next day delivery...
Day Trading isn’t easy, and doing it from the comfort of a dingy bunk bed in some hell hole hostel, just makes it a little more interesting...
According to an announcement by FundedByMe, a Swedish crowdfunding platform, the company is going to launch a Bitcoin pilot program soon wherein it will allow investors to use the digital currency to purchase stakes in a Bitcoin trading company...
Strong Dollar Hammers Profits at U.S. Multinationals (WSJ) Richard Fisher, Often Wrong but Seldom Boring, Leaves the Fed (NY Times) Economists agree: deflation is either good, or bad, or irrelevant (FT Alphaville) Why are so few homes for sale in the Bay Area...
Gold closed the week at $1,183.16 up $24.61 per ounce (2.12%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, rose 0.45%. The U.S. Trade-Weighted Dollar Index lost 2.40% for the week...
The head of the International Monetary Fund (IMF) has said that the organization would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB), which already has more than 30 members and is seen as a development bank similar to the World Bank...
U.S. stocks rose in early trading on Monday, though the Nasdaq Composite pulled back from its 15-year high reached last week...
