Friday's low was right at our stop level at 1.3930 and our long position was stopped out for profit. Daily closed with upper extreme tail at 1.4220 , weekly ...
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JUNE 8 - PROSTICKS ICHIMOKU FOREX TECHNICAL REPORT FOR EUR, GBP ...
Source: www.forextv.com
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Lockhart takes away the punch bowl
A wise Fed president once said the Fed’s job was to take away the punch bowl just as the party started to get good. Lockhart took away the market’s punch bow with his comments on an early Fed rate rise. EUR/USD has fallen back below 1.42, trading now at 1.4170. Gold is tumbling as well,...
FOREX-Yen cuts earlier gains as it slides vs Aussie
The yen reversed steep early gains and slid on Monday in choppy trade as market players bought the Australian dollar against the Japanese currency ahead of an expected rate hike in Australia this week. The yen advanced broadly in early Asian trade, touching its highest levels in several weeks,...
Bank of France business sentiment stronger than expected
Bank of France industry business sentiment index has come in at 81 in May, up from 75 in April, and better than the median forecast of 77. The Bank of France has revised up slightly it’s forecast for the Q-2, from -0.6% to 0.5%. EUR/USD is on something of a tear, presently up at 1.3920....
Southwest Airlines Traffic Up in February (LUV)
Southwest Airlines (NYSE:LUV) announced that its February that traffic rose 3.9 year-over-year after two straight months of...
Lockhart unsure whether supports more Fed bond buys
Atlanta’s Lockhart says he’s unsure whether to support further buying of Treasuries by the Fed. He’s concerned that housing demand will be hurt by rising rates. One factor will be sentiment on debt monetization, something he opposes. Given how well buying Treasuries worked in...