* Top-40 falls 1.85 pct, but gains 10 pct for month* Stocks book strongest month since mid 2009* Lower commodity prices weighed on miners.* Harmony up on above-forecasts Q1 resultsBy Tiisetso MotsoenengJOHANNESBURG, …
11 Growth Names Getting Strong Support
October - 31 - 2011
Retail investors should track stocks that have rallied in heavy volume, and be patient, says Amy Smith, who warns against chasing stocks that are extended too far beyond technical buy points.
GBP/JPY Breaks Long Term Bearish Channel
October - 31 - 2011
Last night, Japanese officials intervened to weaken the yen. This was confirmed by the Ministry of Finance as Finance Minister Azumi said he ordered the intervention at 10:25am local time and that the intervention was due to strong signs of speculation. Azumi noted that the act was unilateral and did
GBP/JPY Breaks Long Term Bearish Channel
October - 31 - 2011
Last night, Japanese officials intervened to weaken the yen. This was confirmed by the Ministry of Finance as Finance Minister Azumi said he ordered the intervention at 10:25am local time and that the intervention was due to strong signs of speculation. Azumi noted that the act was unilateral and did
UPDATE 1-Kenya stocks hit 10-week high, shilling firms
October - 31 - 2011
* Stocks rise 1.7 pct, gains seen short lived * Shilling reverse losses after cbank sells dollars * Markets expect further monetary tightening on Tues. (Adds markets close, stocks) By Beatrice Gachenge …
Stocks Drop as Dollar Gains; MF Remains Halted
October - 31 - 2011
Stocks extended their gains Monday, giving back some of its strong gains in the previous week, as the U.S. dollar shot up to a three-month high against the yen after the Japanese government intervened in the market to curb its currency’s appreciation.
USD is the Safe Haven of Choice as Japan Intervenes
October - 31 - 2011
USD weaker against all of the G10 currencies as risk sentiment retraces lower. Global equities are lower and U.S. Treasury yields have declined as investors shift out of risky assets and into safe havens. With the MoF intervening to weaken the JPY, the USD is the safe haven of choice
EUR/USD Throwback Stalls at 61.8% Retracement and Channel Support
October - 31 - 2011
The EUR/USD correction sped up after the JPY intervention which not only weakened the Japanese Yen, but also boosted the US Dollar. Looking at the 1H chart, the EUR/USD has corrected nearly 61.8% retracement, which is 1.3970. The 1.3950 level is also an important pivot which was treated as resistance