Discovery Labs (Nasdaq: DSCO) seems to be slowly recovering after their stock plummeted nearly 50% on May 2, 2008. The company is in development of a new drug called Surfaxin. The drug should help to prevent respiratory distress syndrome usually
Smoky Market Foods, Inc. (OTCBB:SMKY) is a tiny company whose chicken may be nutritious. But don't buy the spam, which according to Spamnation has been showing up in Mailboxes all over the world starting from May 05th. From the photos
The downward break of 1,9600 area led the pair to lower levels. The targets are now in the area of 1,9350-60 as it was mentioned in out yesterday's analysis. In order for our targets to be valid, any retracement should
GBPUSD: Broke below 1.9599/9600, 15/16 Apr lows, to fully retrace 1.9599/2.0024 upleg and extend losses to 1.9502, yesterday. Corrective bounce is now under way, looking for 1.9634/54, 05/06 May lows, possibly 1.9679/83, before leaving a lower top for fresh decline.
The downward trend of Japanese Yen against the US Dollar was stopped by today's bottom and the first support for today at 103.70. Next support downwards is expected 102.80, followed by 102.00. In upward direction resistance for the USD/JPY upwards
The Euro dipped 173 pips in the European session from the intraday high of 1.5539 to test bids at 1.5366 levels before finally closing little higher at 1.5392. The Hourly & 4-Hourly stochastics are in the oversold region while the
The US dollar is likely to fall over the next day or two but probably in a corrective fashion. EURUSD resistance is near 1.5475 and the bear trend is intact as long as price is below 1.5594. The USDJPY has
Dollar-Swiss has started coming off again after rallying to 1.0590 during the day. A test of Support at 1.0535 (trend Support on the 4-hour Candles) is likely. If that breaks, a further fall towards 1.0480 and possibly even 1.0462 (projected
AUD/USD's pullback extended further to as low as 0.9349 but after all it's still supported above 0.9339 minor support. The fall from 0.9505 is still treated as correction to rise from 0.9275 only. Intraday bias remains neutral for the moment
Cable's consolidation from 1.9502 continues in US session. An intraday low is in place and outlook remains neutral for the moment. Further consolidation could still be seen, but upside should be limited below 1.9772 resistance and bring fall resumption. As
USD/JPY's fall from 105.70 continues today and reaches as low as 103.67 so far. Focus remains on 103.19 support. As long as this support holds, rise from 95.77 is still mildly in favor to extend further. However, break, with bearish
EUR/USD fall was contained at 1.5284 today. Subsequent recovery and break of 1.5410 minor resistance indicates that an intraday bottom is in place and turns outlook neutral first. Further consolidation could be seen but still, another fall is expected as
USD/CHF's retreat from 1.0623 dragged 4 hours MACD below signal line, indicating that an intraday top is in place. Focus now turns to 1.0422 support. With bearish divergence condition in 4 hours MACD as background, break of 1.0422 will argue
USD/CAD's choppy price actions continues. Strong rebound from 0.9998 and break of 1.0086 minor resistance indicates fall from 1.0242 has possibly completed and turns outlook neutral again. On the upside, break of 1.0242 resistance is needed to indicate choppy consolidation
After initial weakness today, both Euro and Sterling regain some grounds. ECB is on hold at 4.00% today as markets originally expected. Trichet maintains his usual hawkish tone in the following press conference by emphasizing that the central bank's monetary
Key focus today in the global markets will be meetings in ECB and Bank of England. ECB continues to be caught in a dilemma between high inflation and weaker growth. Inflation fell to 3.3% in April but with oil prices
European Commission said in its report yesterday that Slovakia has met criteria for joining the euro in 2009. The 8 countries in line behind Slovakia, are unlikely to receive similar verdict and the earliest time any of them are expected
