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Technical Analysis GBP/USD stays directionless
July 18th, 2014
Technical Analysis GBP/USD for July 18, 2014 Pair’s Outlook Even though volatility of GBP/USD increased this week, none of the significant levels have been breached yet. According to the technical indicators, the Pound should eventually gain bullish momentum and ...
Alibaba Plans IPO for After Labor Day
July 18th, 2014
Investors will have to wait a little longer for a chance to buy into the year’s most-anticipated initial public offering. Alibaba Group Holding Ltd. on Thursday decided to push back its IPO—which could raise more than $20 billion—until after ...
Technical Analysis USD/CHF jumps higher
July 17th, 2014
Technical Analysis USD/CHF 17/07/2014 Pair’s Outlook As there was no opposition from the 55-day SMA and weekly R1, the U.S. Dollar continued to gain ground. But further advancement is expected to be more difficult, considering that there is the ...
Technical Analysis USD/JPY stumbled over monthly PP
July 17th, 2014
Technical Analysis USD/JPY 17/07/2014 Pair’s Outlook Despite USD/JPY closing above 101.61/54 yesterday, the resistance represented by the 55-day SMA and monthly PP appears to be unwilling to let the price to advance further. And while the near-term technical indicators ...
Technical Analysis EUR/USD targets 1.35
July 17th, 2014
Technical Analysis EUR/USD for 17/07/2014 Pair’s Outlook As it turned out, EUR/USD did not find enough demand at 1.3568/63, meaning the sell-off should now extend at least down to 1.35—the major support level at the moment. From there the ...
Technical Analysis GBP/USD wallows beneath 1.72
July 17th, 2014
Technical Analysis GBP/USD 17/07/2014 Pair’s Outlook Although at the beginning of the week it seemed that GBP/USD has finally received a strong upward impetus after a test of the 2009 peak, the pair remains unable to surpass this month’s ...
Obama Seeks To Clamp Down On Corporate Inversions, Retroactive Legislation Possible
July 16th, 2014
The Barack Obama administration on Tuesday called for immediate legislation to prevent U.S.-based companies from re-incorporating overseas for lower taxes, the Wall Street Journal reported Tuesday. Treasury Secretary Jacob Lew wrote a letter to Senate Financing Committee Chairman Ron ...
Technical Analysis GBP/USD rebounds from 1.7042
July 16th, 2014
Technical Analysis EUR/USD for 16/07/2014 Pair’s Outlook As soon as the price dropped down to the 2009 high, the bulls became active and subsequently pushed the Cable through some of the nearest resistances. Judging by the technical indicators, the ...
Technical Analysis EUR/USD tests two-year up-trend
July 16th, 2014
Technical Analysis EUR/USD for 16/07/2014 Pair’s Outlook As suspected, EUR/USD failed to cross the resistance represented by the monthly PP, down-trend and 55-day SMA. As a result, the currency pair is now testing the support at 1.3568/54, created by ...
Alibaba IPO Update
July 16th, 2014
Investors were given an update on the Alibaba IPO on Tuesday, when Yahoo! Inc. (Nasdaq: YHOO) reported second-quarter earnings. Yahoo owns a 24% stake in Alibaba Group Holding Ltd. (NYSE: BABA) and will be selling a large percentage of ...
