The word Hypocrisy comes from Greek, yet in the Greek crisis, there are too many cases of hypocrisy towards Greece from its EU partners.
The current leadership of the Hellenic Republic is playing along. What will happen if Greek voters say enough is enough? The euro will not like it.
1. Arms sales are untouched: With all the austerity measures,…
{ 0 comments }
Trading the News: U.S. Gross Domestic Product
What’s Expected:
Time of release: 04/27/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 2.5%
Previous: 3.0%
DailyFX Forecast: 2.5% to 2.8%
Why Is This Event Important:
The advanced GDP report is expected to show the world’s largest economy expanding at an annual rate of 2.5% in the first-quarter, and the slower…
{ 0 comments }
Recent Events: The pair held above major support back on April 16 and has since been climbing toward the upper band of the triangle. A breakout of the triangle which has been in place since mid-February is likely to have a significant impact on traders trading almost all time frames.
EURUSD Analysis – Long and Medium-Term
The trend has been…
{ 0 comments }
Do you think that the recent collapse of the Dutch government as well as poor data coming from France and Germany suggest that EU core countries are becoming increasingly vulnerable to the crisis?
I think the collapse of the Dutch government emphasizes that the drive towards Euro Zone-wide austerity will not be taken lightly. It’s a further reminder of the…
{ 0 comments }
Gold and silver didn’t react to the recent FOMC statement to keep policy unchanged. Both metals slightly declined yesterday, while many other commodities increased and the USD depreciated against the Euro. It seems that the market had already anticipated no headlines from the recent FOMC meeting; eventually it was only a storm in a teacup.
On today’s agenda: U.S Pending…
{ 0 comments }
Back in October 2007, sensing a little too much froth in the stock market, I created something I called the OHFdex, which began as a “watch list of Overripe High Fliers” and quickly evolved into an index designed to track 14 such stocks. When the markets turned down, the group was pummeled, with some spectacular crashes from the likes of…
{ 0 comments }
Flotek (FTK) is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry.
For the rest of the story go to SFO Magazine.
…
{ 0 comments }
| Index | Last | High | Low | Daily Change (%) | Daily Range (% of ATR) |
| DJ-FXCM Dollar Index | 9879.25 | 9911.19 | 9869.17 | -0.30 | 79.73% |
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) fell another 0.31 percent on Thursday as the cautious tone held by Fed Chairman Ben Bernanke renewed speculation for another large-scale asset purchase program, and we are certainly scaling back our bullish
{ 0 comments }
Liz Clairborne just reported their earnings, 1st quarter loss narrowed and they beat on revenues. More importantly the stock is reacting well to the report, currently up 6.47% and breaking out. The stock is heavily shorted (23% of the float), the positive reaction to earnings along with the breakout might create a decent short squeeze over the next couple of…
{ 0 comments }
EURGBP is approaching the 80.65 medium term low and and a major squeeze.
* The rally to 82.20 previous was a typical corrective retracement.
* There is therefore one final spike to test the 80.65 low.
* We will reverse shorts on this drop for a major reversal.
Euro Sterling remains in a downtrend to challenge but hold the 80.65…
{ 0 comments }
Talking Points
Euro: Italy Faces Higher Financing Costs, Bond Auction In Focus
British Pound: Hits Fresh Yearly High. BoE Sees Case For More QE
U.S. Dollar: Index Breaks Upward Trend, 1Q GDP May Disappoint
Euro: Italy Faces Higher Financing Costs, Bond Auction In Focus
The Euro gave back the overnight advance to 1.3262 as heightening finance costs across the periphery…
{ 0 comments }
Fundamental Headlines
- Geithner Says Economy Faces Risk from Europe Crisis, Iran – Bloomberg
- High Court Skeptical of Obama’s Use of Power as Campaign Starts – Bloomberg
- Euro-zone Woes Keep Banks Wary after Q1 Bounce – Reuters
- Draghi Urges ‘Growth Pact’ – WSJ
- Fed Holds Rates Steady, but Outlook Shifts – WSJ
European Session Summary
In…
{ 0 comments }
