USDCHF’s upward move from 0.7067 extended further to as high as 0.8240. Support is now at 0.8075, as long as this level holds, uptrend could be...
USDCHF’s upward move extended to 0.8240
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New York forex wrap; Greenback unhelped by green shoots
US pending home sales leap 6.7%, biggest rise in 7 years ECB’s Constancio: No deflationary spiral in eurozone but inflation could be lower than expected, does not foresee accelerated dollar losses NAHB says US housing market at or near bottom UK cabinet shuffle in the works Auto sales better...
USDJPY is in consolidation of downtrend
USDJPY is in consolidation of downtrend from 83.96. As long as 82.23 resistance holds, downtrend could be expected to resume, and another...
USD/JPY still falling
Bids between 97.00/25 are currently soaking up some heavy selling, with 97.02 the low thus far. One dealer has mentioned some heavy stops below the figure but no confirmation there as yet. The bearish momentum is certainly gaining strength. The Nikkei is down 1.75%, adding to...
Earnings Wrap: AKAM, SIRI
Akamai (AKAM) shares surged this morning after the company reportedly posted better than expected 4th quarter earnings. GAAP net income for the...
Don’t Run Scared, Just Reduce Risk
Don’t Run Scared, Just Reduce Risk by Jason Jenkins, Investment U Research Thursday, October 13, 2011 Now is not the time to follow the...