Aussie is losing momentum in forex trading today, falling as risk appetite disappears. Riskier assets are lower on the currency market today, and that includes ...forex.gftforex.com/public/blog/119250?archive=Weekly...
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Central Bank of Kenya Holds Interest Rate at 18.00%
The Central Bank of Kenya kept its benchmark lending rate steady at 18.00%, and held the Cash Reserve Ratio at 5.25%. The...
DOW Ceiling
Too much dollar weakness for a Monday! Look for lots of resistance in risk today. Now that the fix is in, I would look for some dollar strength from now until the close of...
Tuesday Sector Leaders: Shipping, Hospital & Medical Practitioners
In trading on Tuesday, shipping shares were relative leaders, up on the day by about 1%. Leading the group were shares of Dryships (DRYS), up...
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...
Dead cat bounce on the EUR/USD
The low from Friday was 1.3934 and we are only 15 pips above there presently. With a 5 wave up-move from 1.2870 to 1.4340 now complete, it’s certainly possible that a short-term top is in place and that we are in retracement mode. The 38.2% of that up-move is at 1.3780. (Technicals to...