USDJPY rebounds from 91.73 level
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level, and the rise from 91.73 extends to as high
Archive for July 24th, 2009
GBPJPY At Critical Technical Point
A look at daily chart below reveals that the GBPJPY is at critical point. Since the bearish run from 215.87 on July 2008 and hit the bottom at 118.78 on January 2009, the pair has made a significant bullish correction.
Trade The News Weekly market update
The broad-based eanings season rally continued this week as quarterly reports led markets higher in the absence of outright bad news. Earnings reports were generally positive, though skeptics again harped on the fact that much of the improvement was due t…
Dollar mixed on disappointing earnings (AP)
The dollar rose against the pound but slipped versus the euro Friday after Microsoft Corp. and Amazon.com Inc
State of the Market – 7/24/09
Although the stock market finished mixed today, it was a very impressive day on Wall Street when all things are considered. A rash of bad earnings reports had the market down a good amount pre-market, and stocks did sell off for the first hour or two of trading today.
US Market Update: Dow -27 S&P -6 NASDAQ -24
The Q2 earnings season rally hit a wall this morning, with commentators blaming lackluster results from Microsoft and Amazon for being unable to sustain the upward momentum. The two tech sector giants did not excel in the April-June period, and investors …
European Market Update: German IFO exceeds expectations; UK GDP disappoints…again
- European equity markets took their opening note from markedly changed earnings sentiment in the New York post-market and European pre-market. Despite Asian equity strength (seen as reaction to strong Samsung/Hynix earnings and Korean Q2), disappointing …
BOC: "The worst is over"… Or is it?
The Bank of Canada believes that the recession is ending. Spot-on assessment or wishful thinking?
Is the Changing World Order placing the US Dollar at risk?
The credit crisis has placed the BRIC and particularly China and Russia to the forefront of global policy decisions. Things have changed with China and Russia both now holding large amounts of global currency reserves which is in direct contrast to the …
China Gears Up to Criticize U.S. Dollar Next Week
China and the U.S. scheduled to hold dialogue next week It is thought by some that China will be the next economic superpower . Therefore, it is not surprising that the U.S.
