0.0 00 The economic recovery of India has officially hit a wall in the third quarter. Industrial activity has lost steam thanks to monsoon rains hitting agricultural output. This will be confirmed Friday when India releases …
Read More »The Swissy’s recovery Loses Momentum above 0.97
0.0 00 USD/CHF (0.9639) Resistance Levels: 0.9700, 0.9740, 0.9805 Support levels: 0.9637, 0.9605, 0.9530 The U.S. Dollar seems to have hit a wall above 0.97 after being in a nice uptrend versus the Swiss franc. Please …
Read More »Daily Video Analysis: The Sterling Continues To Wander Aimlessly
0.0 00 Good morning and welcome to Cupo”Forex. This is David Frank with your daily video analysis for Wednesday, November 26. Overnight the U.S. GDP came in better than expected. Thanks to this the DJIA and …
Read More »Gold Continues to Inch Higher but will it Continue?
0.0 00 Gold ($1,199.20) The yellow metal continues its uneven recovery higher after bouncing off the support near 1131.64. Please refer to the above daily MT 4 chart. We are now challenging the 1200.00 handle with …
Read More »What Stocks are In Play Today? M&A News Dominates
0.0 00 Overnight the U.S. stock markets closed higher on merger news. Tetraphase Pharmaceuticals (TTPH: Nasdaq) soared nearly 11 percent after news came out that it was exploring a sale. In other merger and acquisition (M&A) …
Read More »The Sterling Hunts for a Bottom
0.0 00 GBP/USD (1.5675) Resistance Levels: 1.5725, 1.5810, 1.5944 Support Levels: 1.5530, 1.5380, 1.5940 The GBP/USD is looking for a bottom near 1.5580 and a chance to correct higher. Please see the above MT 4 daily …
Read More »Daily Video Analysis: U.S. GDP to Take Center Stage
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Tuesday, November 25. There is a lot of data coming out today and we need to focus on …
Read More »USD/JPY Is there a Bearish Reversal in the Works?
0.0 00 USD/JPY (¥118.227) Resistance Levels: 119.05, 120.30, 121.80 Support Levels: 117.50, 116.95, 115.70 The dollar has pulled back a bit against the yen. Please note the above MT4 daily chart and the shooting star candlestick. …
Read More »China Slashes Rates but is it the Cure All?
0.0 00 Friday, the People’s Bank of China (PBOC) surprised the markets, in a good way, with an interest rate cut. However, this is no magic pill and while we saw a nice global stock rally …
Read More »GOLD — Where are we heading?
0.0 00 Gold – 1200 USD barrier broken. Gold is a challenge lately to predict. If you are a daily investor then you would want to channel your investments to a short or mid term trend. …
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