0.0 00 We have seen the GBP/USD turn sharply higher and should continue to do so unless we see a weekly reversal. Looking at the weekly chart, we see two rather large reversals over the last …
Read More »What is Going on Between Intel and eBay? Did Intel just Scold eBay’s CEO?
0.0 00 The chip making giant, Intel (INTC: Nasdaq) would like for the current chief executive officer (CEO) of eBay (EBAY: Nasdaq), Mr. John Donahoe, to stay on as company director. However, Intel would love for …
Read More »NZD/USD —The Kiwi is Trading Quietly Near the 0.75 Pivot
0.0 00 NZD/USD (0.7471) Resistance Levels: 0.7582, 0.7608, 0.7677 Support Levels: 0.7452, 0.74, 0.7315 Trade Strategy: Stand Aside The Kiwi Dollar is still trading quietly near the 0.75 pivot after seeing some solid gains against its …
Read More »Daily Video: EUR/USD—Buyers Eye Levels Above 1.14
0.0 00 Looks like the euro is continue to inch higher. Soft US economic data is casting a cloud over whether Federal Reserve will hike rates anytime soon. This is weakening the US Dollar across the …
Read More »Clearing houses — too big to fail?
0.0 00 Clearing houses — too big to fail? Clearing houses — too big to fail? May 14, 2015 : Clearing houses have been likened to nuclear power stations – necessary, but you would not want …
Read More »Despite Upbeat Earnings Shares of Cisco Continue to Push Lower, CSCO
0.0 00 Cisco Systems (CSCO: Nasdaq) just reported better than expected revenue and earning overnight but shares of the company pushed lower. The technology and networking giant reported profit of 54 cents per share for the …
Read More »USD/CHF – Dollar Break Higher Waiting Confirmation
0.0 00 USD/CHF (0.9160) Resistance Levels: 0.9358, 0.9475, 0.96 Support Levels: 0.9202, 0.9107, 0.8955 The Dollar is preparing to bounce higher against its Swiss franc counterpart. Please see the below daily MT 4 daily chart and …
Read More »USD/JPY – Sideways Trading Continues as the Dollar Consolidates
0.0 00 USD/JPY (119.232) Resistance Levels: 120.80, 121.54, 122.30 Support Levels: 118.77, 118.01, 117.09 Trade Strategy: Stand Aside The Dollar continues to trade sideways as the trend line support holds. The USD/JPY remains below bother the …
Read More »EUR/USD – The Euro is Getting Ready to Turn Lower, Right?
0.0 00 EUR/USD (1.1241) Resistance Levels: 1.2662, 1.1360, 1.1385 Support Levels: 1.1185, 1.1039, 1.0954 Trade Strategy: Stand Aside Looks like the euro is getting ready to move back lower against its US Dollar counterpart. Please see …
Read More »USD/CHF – Bottom Formed Near 0.90 as Dollar Inches Higher
0.0 00 USD/CHF (0.9281) Resistance Levels: 0.9475, 0.96, 0.9722 Support Levels: 0.9320, 0.9226, 0.9070 The USD/CHF has turned higher. It would seem the Dollar has carved out a bottom just above the 0.90 pivot. Please see …
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