Gold Reserve Inc. (AMEX: GRZ) still seems unable to recover after the company's stock plummeted more than 50% since April 30, 2008, when they announced that their permit for the commencement of the construction phase of the Brisas Project in
Canadian Superior Energy, Inc. (AMEX: SNG) explores and develops oil and gas properties. The company operates in Canada, Offshore Trinidad and Tobago and Offshore Nova Scotia. The company's stock spiked up nearly 20% over the last few days, as a
The GBPAUD downtrend may be nearing an end. We have focusing on the resistance line drawn off of the 8/17/07, 12/17/07, and 3/20/08 highs. As long as price is below there, the bear bias remains. Potential support is at a
Today's US Dollar Trading • USD extends rally during New York • Flows described as light and disorderly Overnight Preview • Look for book-squaring • USD may have gotten ahead of itself Looking Ahead to Wednesday All times EASTERN (-5
The company generated revenues of $28.79 million, up 81% from revenues of $15.92 million in the first quarter of 2007. The current year revenues included $15.46 million of revenue from Investacorp, following the October 19, 2007 acquisition of that company
Spam messages touting China Health Management (CHNC.PK) stock have been showing up in our inboxes quite recently. So I thought, why don't we dig deep to see what story lies behind China Health Management . Okay, so China Health Management
The Consumer Price Index rose 0.2 percent in April, as gasoline prices inexplicably fell 2.0 percent. The drop makes absolutely no sense. Where does the BLS buy there gas? Food prices rose 0.9 percent in April and are up 5.0
The US dollar, initially pressured against its European counterpart, gained ground despite the release of a smaller-than-expected rise in consumer prices for the month of April. U.S. consumer prices rose 0.2 percent, less than the 0.3 percent forecasted rise, while
The chart shows the last two weeks movement. I count it as wave C and when it is over, one should expect a reversal for a move back above 2.04. So the upside potential is very huge. The only problem
With the dollar-strengthening plummet that has occurred in the past couple of days on the GBP/USD daily chart, as shown, price action has tentatively formed a large descending triangle pattern (represented on the chart by the yellow lines). Support at
Dollar gives back some of the earlier gains in US session after reports showed tamer than expected consumer inflation in Apr. Headline CPI moderated from 4.0% yoy to 3.9% versus expectation of 4.0% while core CPI moderated from 2.4% yoy
AUD/USD's sharp fall today and break of 0.9339 support argues that consolidation from 0.9541 is probably still in progress and more choppy range trading could be seen inside established range below this high. Nevertheless, rise from 0.8935 is still in
USD/CAD's fall from 1.0176 extends further to as low as 0.9962 today, taking out 0.9998, 0.9987 support. Further downside could still be seen as long as 1.0067 minor resistance holds. But after all, the overall outlook remains unchanged. There is
EUR/USD weakens mildly today but after all downside is still contained above 1.5363 minor support. Outlook remains unchanged for the moment. While further recovery could be seen, decline from 1.6019 should be in force and expected to resume as long
Cable's fall from 2.0391 continues today and dives further to as low as 1.9363 so far. As long as 1.9636 resistance holds, further decline is in favor towards 1.9337 lower. But downside momentum is seen diminishing and the current fall
USD/JPY's rise from 102.58 extends further to as high as 105.44 today but upside is so far limited below 105.70 resistance and retreats mildly. Nevertheless, intraday bias remains on the upside as long as 104.56 minor support holds. Fall from
USD/CHF's rise from 1.0388 stalls below 1.0623 and is still staying in established tight range. Intraday outlook remains neutral for the moment as further consolidation could still be seen. Nevertheless, with bearish divergence condition in 4 hours MACD and RSI,
Commentary recently from Central Bank members and analysts alike have suggested the possibility that the US credit turmoil has seen... May 14 2008 08:38AM BST
