French President Nicolas Sarkozy was on a visit to Spain as his country mulled over S&P’s downgrade. His finance minister said France...
France plays down AAA loss
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USDCHF has formed a cycle bottom at 0.9088
USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days....
GBP/USD Drops on Rising Volume
By Fast Brokers - The Cable is pulling back on rising volume along with the EUR/USD, raising a red flag as far...
Why BHP Will Be the First Victim of China’s Economic Collapse
By MoneyMorning.com.au “Land sales slowed sharply in China last year, according to a series of industry reports that highlight the...
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...
Gas Prices Push Wholesale Price Rise
Wholesale prices in the U.S. continued to rise last week, according the Wall Street Journal, pushed up by the already high gas prices in...