GBPUSD stays below a down trend line from 1.6298 to 1.6182 and remains in downtrend from 1.6298. As long as 1.6093 key resistance holds, downtrend is...
GBPUSD stays below a down trend line
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Australian unemployment numbers due out today
The unemployment rate surprised everyone, including the statistics office, by falling to 5.4% last month. There were complaints about the way the data was assessed and the ABS have introduced some changes for the May data. The consensus estimate is now for unemployment to return to 5,7% though some...
Canadian Unemployment numbers disappoint
Canadian Payroll data came in worse than expected at -41.8 k worse than the forecast of -33k. The Unemployment rate was also higher than expectations at 8.4%, the highest level in 11 years, rather than the 8.2% forecast.Usd/Cad bounced sharply on the news moving up to 1.1035 from 1.1010 before the...
GBP/USD Rises to the Challenge of our 3rd Tier Downtrend Line
By Fast Brokers - The Cable continues its brisk climb, forming a v-shaped recovery from last week’s pullback. The currency pair is...
Investing in Palladium
Palladium Demand Up 40% in Two Years I relish in the rare and undiscovered. Unsung musicians, obscure texts, the cryptic myths of...
Just in case you are starting to get bullish- a cold bath from Andy Xie
Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments....