I’m loving the USD weakness and I would expect it to continue for at least the week.
USD Weakness
Source: www.forexlive.com
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Cable slumping lower
Cable is coming under renewed pressure, presently at 1.6535. There is talk of EUR/GBP buy interest lined up for the New York fix later today. Much more disturbing for cable bulls though is talk of cable sales being lined up for the fix. This comes after talk yesterday and earlier today of buying...
Cable triggers stops
Well didn’t take long. Cable has duly triggered stops below 1.6650 reaching a session low 1.6621 fairly quickly. I think I misjudged things a little, this looks like general sterling weakness rather than just cable pressure. From here, technical supports for cableĀ 1.6620 and 1.6600. EUR/GBP...
Earnings Roundup: F, PG
Ford Motor Company (F) reported a profit of $13.62 billion, or $3.40 per share in the fourth quarter, representing the eleventh straight quarter...
Are the big wigs purposely allowing the euro to get kicked?
Hi, me again. Another goofy novice question. It appears that there will be possible good news coming out of eurozone, with some German Data. at 8 gmt. Are big players allowing Euro to flow down, in order to reap bigger profits at newstime on the way back up? The euro has been getting punished and...
A Lost Decade in the Housing Market
A Lost Decade in the Housing Market by Jason Jenkins, Investment U Research Friday, September 23, 2011 Tuesday morning, the Commerce...