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29 July Probability Studies - Interesting Dollar Index observation..
The dollar weakened/consolidated in the US session after the International Monetary Fund noted that “worsening” credit conditions may prolong the economic slowdown. So financials sold off again, taking everything else...
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China’s Strict Rules Could Impact Related ETFs
China is on everyone’s minds these days as the country gears up for its Olympic Games next week, and many are looking for ways the country’s activity could boost related exchange traded funds (ETFs). But are tightening rules for ...
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Bullish Case Losing Traction
As this week is somewhat of a vacation for me, I had a rare day where I missed about 95% of the trading action and am only now checking the patient’s vital signs. On a down day like today, I expect to see some more bullish bias creep ...
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Financials Lead Stocks Lower, Precious Metals Higher
NEWS: The financial stocks were was again the culprit that took the wind out of the sails of the market. The Dow lost 239 points or 2.1%, led lower by AIG and Citigroup. The S&P 500 gave back 1.9% or 23 points on the day. ...
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Why Energy Stocks Could Fall Further
The EIS portfolio is now substantially out of the stock market and in cash. What sort of an energy investment strategy is cash? It’s the strategy you might want to employ when you judge that. 1. All stocks are likely to decline, ...
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Through $4 Gas, Consumers Find Religion: Record Decline In Driving ...
The Federal Highway Administration reported that travel during May 2008 on all roads and streets in the nation fell by -3.7% compared to the same month last year. May marks the seventh consectutive … ...
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US Stock Market Summary: Merrill “We-don’t-need-capital” Lynch
Fellow Rebels: At ease, smoke ‘em if ‘ya got ‘em, I have several points to bring up tonight. I will make this as succinct as possible, leaving it up to you to read the full articles from links provided. Just going to...
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Tuesday: Daily Forex Market Analysis
Today’s US Dollar Trading • Unusually quiet, little volume • Ranges hold for the most part • No real push either way with any conviction. Overnight Preview • Look for more quiet action • Two-way and technical action to continue ...
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Consulting Stocks Stay Strong
2008 has been an exceptionally challenging environment for many companies to grow their earnings because of a number of factors that continue to wreak havoc on normally profitable business models. Higher energy costs have been squeezing ...
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Stock Market Summary: Get Back Where You Belong
As in, “get back where you belong!” If you were ever in military service, especially many years ago, you had the delightful Sgt. Hartman experience. But, you can’t shake the dude since he’s now doing business as Mr. ...
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Forex Trading - Kiwi Falling Off Toward 0%
The New Zealand and US Dollar chart featured below displays a sharp decline in the valuation of Kiwi versus the US Dollar, beginning before the July 23rd rate decision and continuing with a sharp decline after the rate reduction (8.25% ...
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Forex Trading News: UK Data Released
The Mortgage Approvals comes out at a record low of 36K from the previously revised 41K. This was forecast for a drop to 37K. The Net Lending to Individuals number comes out at 4.0B. This was forecast for a drop to 5.0B. ...
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Forex Trading News: CHF UBS Consumption Indicator Released
The Consumption Indicator comes out at 2.246 from the previously revised 1.948. There was no forecast for this release. The CHF gained some positive momentum initially after this release across the board only to give back half of...
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Forex Trading News: EUR German Prelim CPI Released
The German Prelim CPI comes out at its highest level since August of 1994 at 0.6% from the previous 0.3%. This was forecast from 0.5%. The EUR made small gains across the board after this data was released.
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FX Technical Analysis by iForex.bg
The British Pound also climbed insignificantly yesterday against the US Dollar from Monday's bottom 1.9843 to the top 1.9969, which are the the first support and resistance levels respectively for the currency couple today.
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