We still need to break below the 1.3540 support for a target to 1.34, then 1.3250 for this and next week.
The current pullback tells us the bullish energy is still there, as the 4H RSI remains above 40, and the 1H RSI was able to break back above 60, even
European inflation climbed to an annual rate of 2.4% in January, according to the flash (preliminary) release of the Euro-zone’s CPI. The news follows a week in which ECB officials have been more hawkish, signaling that the ECB is willing and ready to ‘act’ to stem inflation. That has caused
U.S. stock futures held modest gains on Monday after the government said consumer spending rose 0.7% in December, slightly above expectations of 0.6%, while income rose 0.4%, in line with expectations.
U.S. stock futures held modest gains on Monday after the government said consumer spending rose 0.7% in December, slightly above expectations of 0.6%, while income rose 0.4%, in line with expectations.
Europe’s inflation levels accelerated during the first month of this year beyond expectations, to surprise markets, and keeping the ECB’s monetary stand on check as inflation hovers above the desired rate of 2.0 percent set by the bank.
Europe’s inflation levels accelerated during the first month of this year beyond expectations, to surprise markets, and keeping the ECB’s monetary stand on check as inflation hovers above the desired rate of 2.0 percent set by the bank.
We were the victim of last week’s choppy price action in USD/JPY, despite falling to 81.97 initially last week (our first long position entered at 82.35 was stopped at 82.25), the greenback held above previous support at 81.85 and staged a much stronger-than-expected rebound on Wednesday above previous resistance at
We were the victim of last week’s choppy price action in USD/JPY, despite falling to 81.97 initially last week (our first long position entered at 82.35 was stopped at 82.25), the greenback held above previous support at 81.85 and staged a much stronger-than-expected rebound on Wednesday above previous resistance at
By Value in Stock Market:
Earlier, I wrote that Facebook’s (FB) IPO is becoming a sucker’s bet. On its IPO debut, Facebook started at $42, hit a high of $45 for a brief moment, and then [...]
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By Chuck Carnevale:
There is a confluence of factors that are painting a very odd picture of current investor behavior. Common sense and a careful analysis of the market dynamics between equities and bonds today would [...]
By Sami J. Karam:
Expectations of a robust housing recovery are not well supported by US demographics.
From Bloomberg News (February 8, 2012): Chief Executive Officer Jamie Dimon told investors and analysts in a [...]