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Wednesday October 1: OSB Daily Technical Analysis- Currency pairs
October 2nd, 2014
OSB Daily Technical Analysis for October 1, 2014 EUR/USD sell-off on Tuesday with a dip below 1.26 handle. Support below at 1.2550 and 1.2520 further down. Resistance in the 1.2680 area. Bearish. EUR/GBP closed below 0.78 handle on Tuesday ...
Oil Prices Fall, and the Global Economy Wins
September 30th, 2014
Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any ...
Dollar broadly stronger as Hong Kong unrest caps stocks
September 29th, 2014
The dollar hit its highest in almost two years against the euro with German inflation data expected to keep pressure on the ECB to ease monetary policy further, while unrest in Hong Kong hurt Asian-exposed European shares. The dollar ...
OSB Daily Technical Analysis- Commodities
September 25th, 2014
OSB Daily Technical Analysis for September 25, 2014 Gold closed lower on Wednesday after grinding it out in the $1216-$1226 area. Consolidation day with US$ bullishness weighing against Gold. Bearish outlook remains. Silver Subdued action in Silver on Wednesday ...
OSB Daily Technical Analysis- Indices
September 24th, 2014
OSB Daily Technical Analysis for September 24, 2014 S&P 500 Further consolidation of the S&P500 on Tuesday dipping below 20DMA and testing the 50DMA. A close below the 50 DMA find support at the 1960 level. Market likely to ...
Why The Bitcoin Price Dropped Today
September 19th, 2014
Normally in the Bitcoin world sudden price fluctuations ranging from $10-$30 can be attributed to market manipulation by large holders of the virtual currency. However, when the price changes greater than $30 in a short period of time there ...
OSB Daily Technical Analysis- Commodities
September 19th, 2014
OSB Daily Technical Analysis for September 19, 2014 Gold December 14 Gold fell below $1220 intraday and managed to close above for the day. Action suggests that the downward move might be preparing to take a pause at least for ...
OSB Daily Technical Analysis- Indices
September 17th, 2014
OSB Daily Technical Analysis for September 17, 2014 S&P 500 bulls back in action on Tuesday pushing the Dec 14 contract back into the 1990 area into what looks like the decisive push above 2000. Bullish. Dow 30 The ...
OSB Daily Technical Analysis – Currency pairs
September 17th, 2014
OSB Daily Technical Analysis for September 22, 2014 EUR/USD Downward bearish pressure remains with significant support at 1.2835. A break below extends down move to 1.28. Limited upside momentum, resistance at 1.2865-85. Bearish with weakness prevalent. EUR/GBP Sell off in EURGBP testing 0.78 ...
Economists can’t tell Scots how to vote
September 17th, 2014
Here is the bad news if you haven’t made up your mind whether to vote for Scotland to become independent – economic analysis cannot give you the answer. That is partly because this dismal science is not capable of ...