USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line...
USDJPY may be forming a cycle bottom at 84.72
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Chinese Television Accusing McDonald’s and Carrefour for Selling Expired Food
One of the world’s largest fast food chains and a french hypermarket company are being accused of selling expired food. Chinese...
Merger News: MDS, ESRX, MHS
Midas (MDS) announced that tire company TBC would buy the company for $11.50 per share, or about $310 million in cash. TBC would also assume...
Pimco all over the wires, talking their book
El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect. US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week...
Asian Forex wrap
Belgian central bank issues negative forecasts. ECB’s Guy Quaden says world still in recession. NZ’s Terms of trade index -3% in Q1. Chrysler sale to Fiat gets Supreme court go-ahead. The Chinese upset over the failed RIO deal. Japanese Goods Price Index falls by 5.4% in May. Australian...
Flexible Forex Trading In Action
Did you watch Part 1 of the brand new video Forex training I posted about earlier that reveals 30+ year trading veteran Bill Poulos’s recent Forex discovery? It’s already shaking things up and breaking old paradigms in the Forex trading community. See what one trader had to...