By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of [...]
USD/JPY Blocked by our 3rd Tier Downtrend Line
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Delta Airlines, TPG Separately Reviewing Take Over Bids For AMR Corp.
The Wall Street Journal reported that Delta Airlines (NYSE:DAL) and TPG Capital are both separately reviewing takeover bids for AMR Corp.AMR,...
FOREX VIDEO REVIEW: London Session July 28th, 2009
Since the weekend I had spoken in length in the London FXBootcamp session about seriously developing 4hour MACD divergence on every Japanese Yen pairing I could pull up. About a third of the way into today’s London session we began to see hints of a change in direction, such as USD/JPY having...
US Q1 Bankruptcies up 10% Q/Q
A few minor economic reports have come out over the session. Firstly US Q1 bankruptcy filings rose to their highest level since 2005, up 10% from Q4 2008. The Philadelphia Fed survey of economists said that the US economy should return to growth in H2 2009, but they also expected the unemployment...
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.0849; (P) 1.0915; (R1) 1.0972. USD/CAD’s rally is still in progress and at this point, intraday bias remains on the upside for 1.1101 resistance first. Break there will confirm the pair has bottomed in medium term and bring stronger rally. On the downside, below 1.0859...
ECB comments continue to lean to the dovish side
The members of the ECB governing council are proving to be some of the people not as convinced by the economic recovery as the markets are. This time it’s France’s Noyer who says that fuctioning of markets has not been fully restored and that the key challenge is restoring confidence...