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Forex Daily Outlook – August 27 2010
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EURUSD pulled back from triangle pattern
EURUSD pulled back from the upper border of the triangle pattern on 4-hour chart, suggesting that a cycle top has been formed at 1.4011 level....
Japan forex reserves cross $1 trillion mark
World's second largest economy, Japan's forex reserves topped $ 1 trillion level at the end of May, hitting the second-largest level on record, the Finance Ministry said Friday. Commodity Online Forex Reports -...
Daily Dividend Report: KO, HON, APC, MDT, NKE
On Thursday afternoon, Coca Cola (KO) declared its quarterly dividend of 51 cents per share, an increase of about 9% over its prior dividend....
World bank chief bullish on China
World Bank chief Zoellick says that he’s unsure where global demand will come from for an economic rebound but he does see China surprising to the upside. Efforts to move China to a more international currency system is a good thing, he said. EUR/USD is well supported, continuing to absorb...
Reflation elation facing deflation
The global economic rebound looks as intact today as it did a week ago, in fact it looks stronger than it did given the rebound in the US labor market. What we’ve seen is a correction from irrational levels of exuberance, as the Maestro used to say. Stocks and commodities have fallen along...