After bouncing up from 1.32, instead of rallying to 1.33-1.3320 resistance area, the EUR/USD traded into a congestion triangle seen in the 1H chart. It should be noted that USD has been gaining across the board against the GBP, AUD, NZD, CAD, JPY, but not against the EUR, and CHF.
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 [...]
By Steven Vincent:
Let me start by clarifying something. I am not saying that the market could crash spectacularly in the next few days and that in that event the Facebook (FB) IPO would be a [...]
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 [...]