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“Real-Forex” daily market overview
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Stops outweighing bids in USD/JPY
Dealers report heavy selling of USD/JPY which the bids at 97.50 have not quite been able to soak up, 42 the low so far. Corporate offers have been lowered so expect stiff resistance at 98.10/20 on any...
Blow-off top and bottom in less than 24 hours
Blow-off might be a bit strong, but looking at 5 minute bars, we got these sort of mini blow-offs yesterday as the market ran stops above 1.4150 and this morning below 1.3940. We are now consolidating around the 38.2% retracement of the drop from 1.4177 to 1.3934. It only seems like poetic justice...
Analyst Moves: MS, SNV
Morgan Stanley (MS) was downgraded today by Deutsche Bank (DB) from buy to hold with a price target of $22, due to a mixed macro outlook. Shares...
Weekly Technical Strategist - Forex Trading, Currency Forecast, FX ...
Weekly Technical Strategist Although EUR retains its broader medium term uptrend triggered off the 1.2456 level in early Mar'09, its price action the past week has halted that uptrend temporarily having printede a rejection candle and ... Forex Weekly Reports (ActionForex.com) -...
Jeremy Lin’s Alma Mater Harvard Goes NCAA
For the first time since 1946, the Harvard men’s basketball team will play in the NCAA Division I Men’s Basketball Championship....