Trading has been contained between these levels since the start of the new session with added support from the 100 bar moving average. Futures for the major European equity indexes indicate they will open higher which may add buying ...
Forex Trading: EUR/USD Trading Sideways Between 1.31586-1.3196.
Source: www.dailymarkets.com
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Just in case you are starting to get bullish- a cold bath from Andy Xie
Andy Xie was a star at Morgan Stanley before he made the mistake of being too critical of the Chinese government. He is generally bearish on the financial markets future, after all he did work with Stephen Roche, but he is very abreast of all developments and is good at presenting his arguments....
French April trade deficit better than expected
French April trade deficit came in at -3.79 bln euros, better than the median forecast of -4.5 bln euros. EUR/USD continues to do well, presently at...
No challenge to Brown: Labour Parliamentary group
Reuters quotes the head of the Labour Party parliamentary group as saying there will be no challenge to PM Brown. There was an outside chance that bankbenchers would push for his ouster, as Gerry has been writing, but it looks as though he has survived that process. Cable continues to consolidate...
Thursday 2/23 Insider Buying Report: BUSE, BSX
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money....
Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...