By GCI Financial - The euro moved sharply lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US...
Fundamental Outlook at 1400 GMT (EDT + 0400)
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Chinese President in Russia for BRIC meeting
President Hu Jintao is in Russia for meetings with Brazil, India and Russia. We can expect to see and hear more of the same confirmation that the USD is still the accepted global reserve currency but that some diversification is needed in coming...
AUDUSD’s bounce from 0.9134 extended to 0.9325 only
AUDUSD’s bounce from 0.9134 extended to 0.9325 only and the subsequent fall suggests lengthier consolidation of uptrend from 0.8577 (Feb 5...
Pep Boys Announces Acquisition By The Gores Group
Pep Boys (NYSE:PBY) announced that it has enetered into a definitive merger agreement which it will be acquired by one of the nation’s...
FOREX-Dollar slides as Russia shifts currency view
By Gertrude Chavez-Dreyfuss NEW YORK, June 16 (Reuters) - The dollar slid across the board on Tuesday, pressured by comments from Russia suggesting a need ... See all stories on this...
EUR/JPY technicals
Modest uptrend still in play here on the hourly charts but the excessive volatility from last Friday between 136.30 and 139.20 may be signalling th the quiet times are over and we are in for more high volatility. Risk/reward would seem to favour buying dips with a stop below...