Archives
Technical Analysis USD/CHF returns to 200-day SMA
July 9th, 2014
Technical Analysis USD/CHF for July 9, 2014 Pair’s Outlook Although there still seems to be a chance of the 200-day SMA acting as the support, the daily indicators suddenly turned heavily bearish. If this is true and the price ...
Technical Analysis GBP/USD trades sideways
July 9th, 2014
Technical Analysis GBP/USD for July 9, 2014 Pair’s Outlook Regardless of the bullish outlook implied by the technical studies, the Cable remains flat, trading some 100 pips north from 2009 high. Nevertheless, the risks are heavily skewed to the ...
Wall Street stoked over Alcoa earnings
July 9th, 2014
Alcoa unofficially kicked off earnings season with gusto Tuesday, delivering second-quarter results that smashed expectations. The aluminum giant reported an adjusted quarterly profit of 18 cents a share — 50% more than expected. The news boosted shares of Alcoa ...
Technical Analysis USD/JPY plunges from 102.11
July 9th, 2014
Technical Analysis USD/JPY for July 9, 2014 Pair’s Outlook In order to reinstate itself as a bullish pair USD/JPY had to close above the up-trend and 100-day SMA. Since this was not the case and 102.11 was confirmed as ...
Technical Analysis EUR/USD recovers
July 9th, 2014
Technical Analysis EUR/USD for July 9, 2014 Pair’s Outlook The Euro is currently undergoing a correction after a July decline. This rally should be stopped at 1.3641/16, where the monthly pivot point merges with the 55-day SMA. Additional resistances ...
Brent Oil down at $109 on Easing Supply Fears
July 9th, 2014
Brent oil slid more than $1 a barrel on Tuesday, its seventh straight decline, with U.S. oil also falling as Libyan oil exports looked likely to rise, and fears eased over a supply disruption in Iraq. Brent has shed ...
Kiwi near 3-year high; dollar awaits Fed minutes
July 9th, 2014
The Kiwi, New Zealand dollar, hovered near a three-year high on Wednesday, buoyed by the prospect of a sovereign rating upgrade, while the U.S. dollar held steady ahead of minutes of the Federal Reserve’s latest policy meeting. Against a basket of ...
Technical Analysis Gold – Indecision Continues Under $1320
July 9th, 2014
Technical Analysis Gold for Wednesday, July 9, 2014 After pushing higher to a three month high above $1330 last week, gold has spent the last now few days easing lower back to below $1320 and is showing more signs ...
Profits Vanish in Venezuela After Currency Devaluation
July 9th, 2014
Brink’s, the armored car company, could see about $400 million in revenue disappear this year from its operations in this country. Procter & Gamble announced a write-down of $275 million on its Venezuela business. American Airlines and Delta Air ...
Pfizer wins dismissal of U.S. investor class action ahead of trial
July 9th, 2014
Pfizer Inc (PFE.N) won the dismissal Tuesday of a long-running shareholder class action accusing the company of misleading investors about the safety of its Celebrex and Bextra pain-relieving drugs. The ruling by U.S. District Judge Laura Taylor Swain in ...
