By Fast Brokers - Last Thursday’s pullback on large volume was a warning sign, as we had feared. The EUR/USD has continued [...]
EUR/USD Fights Back Above 5/28 Lows
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I Smell (FOOD)!
Good morning everyone! Speaking of mornings, I am very hungry since I haven’t had my breakfast yet. And guess what?! I smell (FOOD)...
NAHB- Housing market at or near bottom
The head of the national Association of Realtors says the US housing market is at or near a bottom. Now, he has a vested interest in talking his book, but recent indicators tend to back him up. let’s hope mortgage rates do not soar to the point where the housing recovery is choked...
Why the Bears Were Wrong: It’s Not the End of America
“Bears make headlines, bulls make money.” Old Wall Street saying Over the weekend, I spent some time one-on-one with conservative talk show...
Paulson Sells Entire Stakes in Citi and Bofa
John Paulson, the billionaire hedge fund manager who had his worstyear on record in 2011, sold his entire stakes in Citigroup and Bankof America...
Cross plays still the dominant factor
Same as yesterday morning, GBP and AUD higher with the USD, EUR and JPY lagging. I have important Fibo support in the EUR/GBP at .8490 which is holding thus far but a break should see a swift test of .8200/50. Both AUD/USD and cable are headed for re-tests of last weeks highs at .8260 and 1.6660...