In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 0.2%. Helping drag down...
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
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Fundamental Outlook at 1400 GMT (EDT + 0400)
By GCI Financial - The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the...
Eur/usd hits session highs above 1.4040
Eur/Usd is currently grinding out new highs for the day above 1.4040. So far it hasn’t been a stellar ascent more of a relentless grind higher, the absence of any selling interest in the 1.4030/40 area, unlike last time, has emboldened a few bidders to aim for the next level of offers at...
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and...
January 2011 performance review for Danica-9am algorithm
During January 2011, the first month of the second year of live performance, the system continued on auto-pilot without parameter changes. This document consists of a summary section reporting the figures of merit for the forecasting quality, followed by 14 subsections, dedicated to the individual...
Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...