Archive for: finance

German Finance Minister: Federal Reserve Losing Credibility

German Finance Minister Wolfgang Schäuble said in an interview with Spiegel Online that Ben Bernanke and the Federal Reserve are losing credibility in relationship...

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Daily Forecast: October 20

Daily Forecast: October 20

EURUSD Forecast The EURUSD had a significant bearish momentum yesterday, fell below 1.3800 key support area, bottomed and closed around 1.3700. This fact confirms...

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Chart of the Day – 10/19/2010 – EUR/USD

10/19/2010 – EUR/USD – Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/19/2010) has broken down below multiple static and dynamic...

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Forex: Speculators trim Euro, Yen, Aussie long positions in Currency Futures

Forex: Speculators trim Euro, Yen, Aussie long positions in Currency Futures

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Chicago Mercantile Exchange, showed that futures speculators slightly...

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Apple’s Chart Ahead of Earnings

Apple’s Chart Ahead of Earnings

Apple (AAPL) releases earnings tonight after the close. If the stock pops 3-5% in reaction to earnings, the next upside target window is somewhere in the vicinity...

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Will China Continue to Lead S&P Higher?

Will China Continue to Lead S&P Higher?

Let’s have a look at our comparison chart between the Shanghai Composite and S&P 500, as we examine whether the SPX will continue to follow China higher....

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EURUSD Weekly Summary: October 09

EURUSD Weekly Summary: October 09

EURUSD Weekly Summary: The EURUSD continued its bullish momentum this week, topped at 1.4028 but end with downside correction, closed lower at 1.3936 on Friday....

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Today in Russian Business – October 4, 2010

According to a Reuters report, US President Barack Obama has told Dmitry Medvedev that Russia has taken ‘significant steps’ towards joining the World...

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The Irish Bank Bailout and Spain’s Downgrade

The Irish Bank Bailout and Spain’s Downgrade

Filed under: Economic Data , Financial Crisis Just when fears of a eurozone collapse faded from the front page, the news of an Irish bank bailout and of Spain’s...

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Gold’s Technicals Still Intact

Gold’s Technicals Still Intact

So far today, the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted significant technical damage to the Aug-Sept uptrend. To do that, the GLD must...

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WSJ Finally Notices Gold’s Bull Market

WSJ Finally Notices Gold’s Bull Market

Should we be worried now that the Wall Street Journal has “discovered” the bull market in gold? Relax. This bull market has years to go. It’s so powerful,...

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Stocks Blithely Ignore Traditional Warning Signs

Stocks Blithely Ignore Traditional Warning Signs

(I wrote here recently that the stock market is almost completely driven these days by algorithmic trading and prop-desk automotons who couldn’t care less about...

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