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Forex Trading: GBPUSD finds a bottom. Trades above Friday's low
The dollar found some profit takers but the longer term trend remains the same. However, the market will indeed correct/consolidate at some point. The GBPUSD has made it back above the low from Friday (low was 1.7536). This is a...
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UK Market Closing Comments By IG Markets
Going into the last few minutes of trading the FTSE is sitting on a near 200 point gain as the market re-opens after a technical failure left it closed for most of today.
Of course it is difficult to say too much about UK stocks today as trading...
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How To Invest In Long-Term Options Known As LEAPS
LEAPS (Long-term Equity Anticipation Securities) are long-term options with expiration dates up to three years out that let you take long-term options positions. But why buy LEAPS, when you could just buy the underlying stock? ...
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United Airlines Says Bankruptcy Report Untrue
The Chicago Tribune announced the possible bankruptcy of UAL Corporation (UAUA), the parent company of United Airlines. As the company returned just 2-and-a-half years ago from a previous bankrupcy, the market did not take this ...
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Forex Trading: Dollar continues to rally against all majors except ...
USDCHF. USDCHF moving toward the midpoint of the 1.1463 level. The 100 week moving average is also in the area at 1.1489. The price is above the closing level on Dec 31, 2007 (1.1336 is the level). ...
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Investment Opportunities In The Wake Of The US Sub Prime Mortgage ...
I wanted to take some time to explain the worsening situation related to the US sub prime mortgage crisis and falling real estate prices here in America… and also to detail why the prime mortgage crisis is now taking...
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CVS Caremark Feels Wal-Mart Heat
CVS Caremark Corp. (CVS) is one of the leaders in the domestic drug store industry and the pharmacy services industry. The management embarked on an aggressive expansion strategy, including the merger of equals with Caremark. ...
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US Steel Demonstrates Strength
United States Steel Corp’’s (X) near-term profitability is expected to be strong due to higher flat-rolled contract prices and relatively low costs due to backward integration. The company also has strong cash flow, enabling increased ...
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EURGBP moving lower as well as sellers of the EURO intensify
The EURGBP is also coming under pressure. The pair has moved from the 0.8058 level earlier to 0.8041 currently (see earlier post by clicking here). The pair broke through the old highs on Friday at 0.8096 and the 200 hour moving...
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EURUSD continues the sellling as the bearishness continues.
The selling the in EURUSD intensified. Perhaps it was the move away from the 100 week moving average which led to further liquidation (SEE EARLIER POST). There really is not much support from a technical perspective. ...
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Final Phonie/Fraudie Thoughts Before Market Decides Fate
After reading 50 PR’s, talking to 20 industry leaders and being on a lengthy investment bank conf call last night this is what I think… It all comes down to MBS. When they gap narrower do China, Russia and Bill Gross dump them...
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Charting Freddie And Fannie Perhaps For The Last Time
With virtually all news focused on Fannie Mae (FNM) and Freddie Mac (FRE) and their government take-over, let’s look at their charts while they still exist to learn any trading lessons from these companies. Freddie Mac (FRE) Daily: ... ...
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Strong Conviction Found Here: US Dollar Longs And Freddie/Fannie ...
Back in March when it was announced that Bear Stearns was to be taken over by Lehman (LEH) with financial backing from the Fed, the US stock markets had a nice rally (albeit a short-lived one) as investors felt more...
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Fannie And Freddie Plunge As News Of Government Takeover Sinks In
US Treasury Secretary Henry Paulson announced Sunday that both Fannie Mae (FNM) and Freddie Mac (FRE) were being placed under government-operated conservatorship. The executive branch was ousted and dividends eliminated. ...
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US Dollar to Face Repercussions of GSE Bailout
The US GSE turmoil has global implications, because of the large agency holdings by foreign central banks. Our view is that most foreign central banks...
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