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5 Ways that Wall Street’s Mess Hurts Main Street: Where Do We Go ...
Get your boxing gloves on because the fight is ON! It is Main Street vs. Wall Street and in the latest round, Main Street has won. Despite the protests and tens of thousands of letters, emails and phone calls to their...
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Day Ahead In US Financial Markets
Market Movers:. The failure of the TARP on the floor of the House of Representatives has moved action towards overnight trading in Asia and early morning action in Europe. With the credit markets currently jammed up, volatility should ...
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Technically And Fundamentally, Gold Is Looking Good
Gold rose yesterday (Monday) on bank failures and systemic fears in Europe and after the US Congress voted against the Paulson and Bush bailout plan (gold closed at $888.40, up $7.20 while silver closed at $12.93, down 45 cents). ...
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Buy, Sell Or Hold: Suncor Energy
Q: Please tell me about Suncor Energy. Thank you. - Reader Joseph A. Kurtz. In July 21, when oil was trading at some $125 a barrel and in an apparent freefall, I issued a scaled “Buy” on Chevron Corp. (CVX). ...
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Thornburg Mortgage Stock Price Rose 310%
I am not sure exactly what happened but the shares of Thornburg Mortgage (TMA) jumped 310% yesterday. And this was on a day when the rest of the market was falling by 6-10%. I could find no news on the reason for the jump but I will ...
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Business and Consumer Cinfidence Boost Dollar
EUR/USD fell today at a fastest daily pace since the early September as the fundamentals in US came out at a better than expected level today, spurring both US stock market and dollar rallies. EUR/USD lost almost 250 pips today and is ...
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EURUSD Sees Biggest Drop Since Its Creation
Already heading lower, the EURUSD's drop has accelerated to an over 400-point collapse - the biggest declince the euro first started trading back in 1999....
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Euro Technical Outlook
The EURUSD (and the USD in general) is at a crossroads. The advance from 1.3877 is in 3 waves to this point (corrective) and the drop below the short term...
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Yen Technical Outlook
The USDJPY range persists. There is little confidence right now in directionality at this time. That feeling in itself warns of a breakout though.
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British Pound Technical Outlook
The advance from 1.7443 is in 3 waves but probably only the first leg of a larger correction. I favor this scenario because the breakdown that led to the...
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Swiss Franc Technical Outlook
Expect weakness in the USDCHF and a break below 1.0686.
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Canadian Dollar Technical Outlook
The USDCAD bounce from 1.03 may be a small 4th wave within the impulsive drop from 1.0827.
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EUR/JPY - Euro Yen, American Session - 30/09/08
150,42.
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EUR/USD - Euro Dollar, American Session - 30/09/08
1,4258.
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GBP/JPY - British Pound Yen, American Session - 30/09/08
190,30.
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