0.0 00 Looking at the daily on the US/Swissy (USD/CHF) we can see a continuing mid-long term trend in the bullish direction. The currency pair is trading at 0.97045 with an average moving and midline bollinger …
Read More »USD/CAD — Significant indication for potential trend position change
0.0 00 We have been talking a number of times about the USD/CAD — a very popular currency pair. In the last posting we lamented the poor Canadian traveler and consumer in the holiday season. …
Read More »The Chinese Yuan is Sinking Like a Stone in Water
0.0 00 China’s currency, the yuan, has reversed course and fallen sharply versus the U.S. Dollar in Asian trading this morning. There are tight onshore liquidity conditions and this is sparking investor concern about further quantitative …
Read More »Yikes!! Prada is Losing its Fashion Sense?
0.0 00 What in the world is going on with Prada (1913.HK)? The Italian fashion giant has seen the value of its shares lose well over a third of their value. The company is seeing a …
Read More »China’s Economy is Looking Bleak
0.0 00 Monday’s trade data showed that import and export figures for China slowed rather sharply, on an annual basis, for the month of November. This is reinforcing the opinion that the world’s second largest economy …
Read More »Today’s Movers and Shakers: EBay and Southwest Airlines Get an Upgrade and More
0.0 00 Cubist Pharmaceuticals (CBST: NYSE) is being bought by Merck and Co. (MRK: NYSE) for $102 per share and cash. The total deal is worth $8.4 billion and is a 34 percent premium over Cubist’s …
Read More »The Dollar/Yen Now sees Resistance above ¥122.00
0.0 00 USD/JPY (¥121.504) Resistance Levels: 122.50, 124.10, 125.75 Support Levels: 120.50, 119.25, 117.20 The Dollar is once again strengthening against the yen. We are now squarely above the key technical handle at ¥121 and are …
Read More »Daily Video Analysis: U.S. Non-Farm Surprises with over 320K New Jobs
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video for Monday, December 8. Today’s there is not a lot of economic data coming out. Last week ended on a …
Read More »USD/CAD — Canadians are in for an expensive winter spending spree?
0.0 00 We have been writing about the USD/CAD and its traditional movement during the last quarter. Perhaps this year things will not be going so smoothly. Looking at the daily chart: The dollar …
Read More »China’s Equities Soar Higher— How Much Longer will it Last?
0.0 00 China’s stocks are on fire as its mainland bourses have now overtaken India as the world’s top performers. However, how long will this last? Yesterday, Thursday, the Shanghai Composite, jumped 4.4 percent. This was …
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