Price action on USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This large triangle occurs within the context of a prolonged sideways
USD/CAD Potential Triangle Break
July - 31 - 2010
USD/CAD Potential Triangle Break
July - 31 - 2010
Price action on USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This large triangle occurs within the context of a prolonged sideways
USD/JPY Falls to Lowest Level This Year
July - 31 - 2010
The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The S&P 500 increased 0.07 to 1,101.60. The euro fell from
USD/JPY Falls to Lowest Level This Year
July - 31 - 2010
The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The S&P 500 increased 0.07 to 1,101.60. The euro fell from
S&P 500 and Dow Have Best Monthly Gains in a Year (at CNBC)
July - 30 - 2010
US stocks posted their best monthly performance of the year, led by the Dow Jones Industrial Average with a gain of 7.1%. Within the S&P 500 sectors, industrial and material companies rose the most in July.
CH Energy Slips; Abaxis Shares Soar U.S. small-capitalization stocks traded in a tight range and both benchmark indexes closed out July with gains of more than 6% and posted their first monthly gain since April.
[$$] Merck Throws Dow for a Loss (at The Wall Street Journal)
July - 30 - 2010
Merck Throws Dow for a Loss In the final session of the market s best month in a year, blue-chip stocks fell slightly as data showed U.S. economic growth slowed in the second quarter while Merck s sales disappointed.
The Weekly Bottom Line
July - 30 - 2010
This week Europe caught some wind in its sails, with good news blowing from several quadrants. Indicators showing better than expected results began to accumulate a week ago with the release of strong second quarter GDP data for the United Kingdom -up by 1.6% Y/Y- well ahead of market expectations,