By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of [...]
USD/JPY Blocked by our 3rd Tier Downtrend Line
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Real money late-day EUR/USD sellers again
Thursday afternoon dealers relayed good interest to sell EUR/USD on the rally above 1.4150. Today they say they are selling from the 1.4030s. EUR/USD has fallen back toward 1.4000 despite a continued rebound equities and a bounce back in oil prices. The S&P is down just 3 points on the day...
The “Soft And Fluffy” Hits All-Time High!
Woah, that’s all I can say. I never expected the price of cotton to sky-rocket like this. The image above is the 1-year chart of Cotton...
Daily Dividend Report: RGC, FDS, PGH, NEBS, HUB.B
Regal Entertainment Group (RGC) maintained its quarterly dividend of 21 cents per share. The dividend is payable on March 15, 2012, to...
Japanese current account surplus -54.5% YoY
The expectation for the April c/a was for -39% but as usual these figures have had little or no effect on the FX market, at least in the short term. When the market steps back and analyses data such as this, it will think twice about buying JPY in the current environment. If the only reason to be...
Cross action likely to dominate
Cable and AUD/USD are exactly where we left them yesterday but the EUR and JPY have been hurt on the crosses. EUR/GBP was a big mover but as I’m not short already, I’m not going to start chasing it. I have some strong support coming at .8490 (technicals to follow). My feeling with...