0.0 00 Facebook [FB: Nasdaq], more specifically Mark Zuckerberg, and other tech CEOs, met with China’s cyberspace czar Lu Wei. Lu was in Silicon Valley last week and met with Facebook. He also met with Apple’s …
Read More »Euro/Dollar—Taking Profits So What is Next?
0.0 00 EUR/USD (1.2450) Resistance Levels: 1.2500, 1.2660, 1.2910 Support Levels: 1.24, 1.2250, 1.2141 My love affair being short on the euro has ended, for now. The EUR/USD broker higher. Please see the above MT 4 …
Read More »AUD/USD—Looks Like a Bounce Higher is in the Cards
0.0 00 AUD/USD (0.8325) Resistance Levels: 0.8395, 0.85, 0.8670 Support Levels: 0.8260, 0.8215, 0.8140 The AUD/USD has started moving higher. This was expected, and if we turn our attention to the above daily MT 4 chart …
Read More »Gold — Rising or Stalling? Watch oil for further details!
0.0 00 Gold saw a significant increase yesterday similar to silver. The silver impact was reported here. Gold today did not perform as well as yesterday, but still showed an increase to continue the bullish trend. …
Read More »The GBP/USD– a Major 5 Month Resistance Level is Being Tested
0.0 00 GBP/USD (1.5676) Resistance Levels: 1.5715, 1.5823, 1.5930 Support Levels: 1.5540, 1.5448, 1.5210 The GBP/USD is trying to recover some lost ground. This move was expected after a bullish reversal signal was noted on the …
Read More »Amazon is Making Some Changes
0.0 00 Amazon (AMZN: Nasdaq) is about to make some big changes. They are changing the way you can check out online products as well as receiving them. They are trying to compete with brick and …
Read More »The USD/JPY Starts to Pullback Faster
0.0 00 USD/JPY (¥119.312) Resistance Levels: 122.50, 124.10, 125.75 Support Levels: 119.40, 117.90, 115.50 The dollar is gaining momentum to the downside versus the Japanese yen. Please refer to the above MT 4 daily chart. The …
Read More »Is the Euro the currency of the future?
0.0 00 The currency paid EUR/USD is the most significant currency pair in the forex market. It is the most traded and is a clear indication of the strength of the American dollar with respect to …
Read More »Silver — Shining bright today!
0.0 00 Silver has taken a major trend change today. Look at the daily: The precious metal is trading at 16.810 today up significantly from a 16.04 level. Support is now climbing as the metal …
Read More »AUD/USD — Americans want to fly south for the winter?
0.0 00 If you are living in the land of Down-Under, you are in the middle of a nice summer. As a frequent traveller, I wouldn’t want to travel from Australia (or anywhere in the south …
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