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Economic News

GSK stock plunges as earnings forecast slashed

Posted by on Jul 23, 2014

GlaxoSmithKline's share price plunged immediately following the announcement of its second quarter results on Tuesday.

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Forex News

Growth in China Appears to Be Stabilizing

Posted by on Jul 19, 2014

The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent in Q1. Modest relaxation in credit restrictions in recent months led to some...

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Fundamental Analysis

European Market Update: BOE July Minutes Did Not Cast Any Dissenting Votes On Rates

Posted by on Jul 23, 2014

Dealers noted that the gradual widening in interest rate differentials between US/Europe gave the greenback an advantage. The premium offered by two-year U.S. Treasuries over...

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Technical Analysis

Forex Technical Analysis

Posted by on Jul 23, 2014

The intraday bias is slightly bearish, but I favor a reversal for a break through 101.43 minor resistance, en route to 101.85 area. Crucial on the downside is...

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Recent Posts

The courage to get out then get back in. Long USDCHF again.

The courage to get out then get back in.   Long USDCHF again.

May 18, 2014

A month ago I was well positioned long in USDCHF. Unfortunately it was the wrong time and price came back on me almost down to the low of the year. As difficult as it was after waiting so long I took a small loss and got out of my positions. Then I waited again. It seems that the wait might have been worth it because the pair actually formed one of my favorite...

The courage to stay on a swing. Long USDCHF

The courage to stay on a swing.  Long USDCHF

Apr 7, 2014

4/1/2014 Update: That was a fun run but I had to exit this swing. It didn’t break like I had hoped. Now it’s time to sit back and wait for this move to finish then try again. You win some and you lose some! Hello again everyone! It’s been a while since I’ve written an article but I got inspired a bit tonight so I’m back with the goal of doing this...

GBP/USD Quiet Around 1.54 Ahead Of BoE

GBP/USD Quiet Around 1.54 Ahead Of BoE

Jul 29, 2013

On Friday Pound/Dollar traded within narrow 60 pip range. The Cable depreciated from 1.5418 to 1.5354 on Friday, in converse with the positive money flow sentiment at almost +17%, closing the week at 1.5375. Today the British Pound is trading quietly, with movements at the lower end of Friday's range for the time...

Daily FX Report

Tonight released data confirmed the economists' expectations that the Chinese economy declined further in the second quarter. Recently, the factory output weakened and facing an increasing risk for an upcoming financial crisis, the Chinese government expanded their measures to provide the liquidity to the national banks. The National Bureau...

Captain of Wrecked Cruise Ship on Trial in Italy

The trial of the captain of the shipwrecked Costa Concordia cruise liner began on Tuesday, but the hearing was postponed due to a nationwide strike by lawyers.