Written by ForexCycle.com USDJPY might be forming a short term cycle top at 91.86 level on 4-hour chart. Pullback towards the lower border ...
USDJPY might be forming a short term cycle top
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Daily Wrap: February 16, 2012
Stocks rallied this afternoon on surprisingly good jobs data and housing starts. Heading into the last hour of trading, the Dow, S&P 500...
Cable runs into a brick wall
Cable is back where it started (well at least where it was when I first sat down with my early morning cuppa.) We’re presently at 1.6085 with the earlier cable rally stalling out at 1.6129. Guess those aforementioned sell orders at 1.6125/40 must have been pretty lumpy. Seems there is still...
What’s Next for Gold?
By The Sizemore Letter The silence in the major financial media on gold and precious metals this month has been deafening. As recently as a...
China’s commodity imports still buoyant
Latest data shows that China’s main ports received 13.8 million tonnes of crude oil, up over 5% on the year, and 55.5 million tonnes of iron ore, up 25% on the year. I think this also backs up the claim that China has been stockpiling necessary commodities rather than buying bonds with their...
BOE’s Tucker: Medium term economic outlook highly uncertain
Bank of England Deputy Governor Paul Tucker feels, that while surveys have pointed to some improvement in the economy, the outlook remains highly uncertain and may not clear until late autumn. The official says the market is right to assume the BOE would tighten monetary policy when the inflation...