0.0 00 HSBC (HSBA.L: LSE) admitted yesterday why its Swiss subsidiary failed. The London based bank helped clients, wealthy clients, dodge paying taxes as well as hiding millions in customer assets from domestic tax authorities. In …
Read More »Bitcoins Start 2015 in a Bad Way, but the Worst is Yet to Come
0.0 00 Bitcoins started 2015 in a freefall and it is not over yet. Transactions could be half of what they were last year as there are serious problems affecting this cryptocurrency. Bitcoins is having problems …
Read More »GBP/JPY—The Pound Hits a Fresh One Month High, Opting to Stand Aside for Now
0.0 00 GBP/JPY (¥181.231) Resistance Levels: 181.65, 183.10, 184.90 Support Levels: 181.20, 178.40, 177.30 Trade Strategy: Stand Aside The GBP/JPY continues to move higher as the British Pound is now at a one month high in …
Read More »Dividend Stocks are Still Great in Your Portfolio
0.0 00 Is it true that when interest rates go up, and other factors together all conspiring to kill off dividend stocks? We hear this every year and there are always warnings to start dumping dividend …
Read More »USD/JPY—The Dollar Continues to Look for Direction around ¥117
0.0 00 USD/JPY (117.351) Resistance Levels: 118.20, 118.85, 120.80 Support Levels: 116.95, 116.40, 115.75 Trade Strategy: Stand Aside The USD/JPY continues to consolidate between two key pivots. On the upside we have ¥119 and on the …
Read More »AUD/USD—The Ozzie Treads Water but there are Signs of a Bounce Ahead
0.0 00 AUD/USD (0.7812) Resistance Levels: 0.7805, 0.7855, 0.7919 Support Levels: 0.7750, 0.7686, 0.7580 Trade Strategy: Stand Aside The Australian Dollar continues to tread water in the AUD/USD Forex market. However, please note the positive RSI …
Read More »Video Analysis – GBP/CHF February 5, 2015
0.0 00 The GBP/CHF pair tried to break higher during the course of the session on Wednesday, but as you can see struggled at the 50% Fibonacci retracement level, but is sitting on top of the …
Read More »The European Central Bank: Banks Cannot use Greek Debt as Collateral
0.0 00 Late yesterday afternoon, the European Central Bank (ECB) put some added pressure on Greece when it revoked waiver that allowed commercial banks in the common currency bloc to use Greek government debt as loan …
Read More »EUR/USD—The Euro Could Drift Higher Setting up a Short Sale Sooner than Later
0.0 00 EUR/USD (1.1353) Resistance Levels: 1.1534, 1.1660, 1.1830 Support Levels: 1.1320, 1.1184, 1.0970 Trade Strategy: Stand Aside Please refer to the below EUR/USD daily MT 4 chart. The Euro moved higher after forming a Morning …
Read More »Thanks to a Weak Yen Toyota is Benefiting
0.0 00 Earlier today, Toyota Motor Corp (TYO: 7203) announced, thanks to a weak yen, it will be raising its operating profit guidance by a healthy eight percent. As the yen continues to weaken, the value …
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