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Eurogroup: Stimulus should be withdrawn as growth picks up
Central bankers and finance ministers in the eurozone agree that stimulus, whether monetary in the case of the ECB, or fiscal, in the case of the eurogroup, should be withdrawn as the economy recovers. The eurogroup says that it wants to see if the Latvian fiscal action is credible before releasing...
Distribution of USD/CHF daily high and low during a day
The pattern of daily lows and highs for USD/CHF is not too different from EUR/USD and GBP/USD. This study is added for the sake of...
Watch 952.85 level closely
Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it...
BB&T;Changes Acquisition Agreement with BankAtlantic
A change in an acquisition agreement in the business world this morning. BB&T Corporation announced in a press release an amendment to...
GBP/USD Rises to the Challenge of our 3rd Tier Downtrend Line
By Fast Brokers - The Cable continues its brisk climb, forming a v-shaped recovery from last week’s pullback. The currency pair is...