Sergey Golubev / Blog
Gold enthusiasts, who love the shiny metal as much for political reasons–like their distrust of fiat money–as they do for its investment potential, have been searching for a story for why it will reach the lofty heights of 2011 once again. "The likelihood of higher interest rates in the U.S...
Euro paused to digest gains having reversed upward as expected against the US Dollar following two days of aggressive gains. Near-term resistance is at 1.1320, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 1.1439...
US DOLLAR TECHNICAL ANALYSIS Prices continued to edge downward, producing the lowest daily close in a week. Near-term horizontal pivot support is at 11884, with a break below that on a daily closing basis exposing the 38.2% level at 11841...
Goldman Sachs: The employment components of various manufacturing surveys have been weak (Dallas Fed manufacturing survey, Chicago PMI & the ISM services report) Mining sector job losses may persist and continue to be a drag GS say that the consensus forecast has overestimated jobs growth in...
The death of Sarvshreshth Gupta, a 22-year old analyst with Goldman Sachs, a leading global investment banker, in San Francisco, about six weeks ago, has triggered serious debate over long hours at the work place and the resulting high stress levels among young executives...
"With unwavering consistency, the consensus continues to look for the CHF to weaken against the EUR, and with unwavering consistency, they are likely to be wrong again." "The specious logic of the bears is appealing...
According to Bloomberg: Economists forecast that the economy added 226,000 jobs in May, down from 223,000 in April, and unemployment rate is expected to stay unchanged at 5.4...
US DOLLAR TECHNICAL ANALYSIS Prices turned sharply lower, producing the largest decline in close to three months. A daily close below the 23.6% Fibonacci retracement at 11918 exposes the 38.2% level at 11841. S&P 500 TECHNICAL ANALYSIS Prices remain in consolidation mode...
The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% Fib at 1.1202 opens the door for a challenge of the 1...