The pre-planned breakout variant for sales has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties gives grounds to presume range movement of the rate without clearness in a choice
I think that the fall started from 1.5813 (22 May) is developing as a flat correction. In such a case a low below 1.5690 should be expected in wave C. With an eye on this idea I entered short position
The US Dollar climbed against the Japanese Yen last week from 102.73 to 104.38, which are the first support and resistance levels respectively for the currency couple today. The 104.40 level is 61.8% correction of the descent from 105.65 to
In quiet holiday trade EURUSD held support at 1.5750 level and now looks to retest the 1.5800 figure as it continues to consolidate in a narrow range. We remain bullish on the pair with target to be determined later. STRATEGY:
EUR/USD The pair has built a local bottom at 1.5283 and has advanced well beyond 1.5571. Technical indicators are reversed and divergent. The 50- day SMA is currently projected at 1.5631.
To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the selling pressure is losing traction; also we notice that the signal line is pointing to cross the long EMA line
The greenback continued to stay under pressure while commodities climbed higher along with the Euro which now trades comfortably into the 1.57 zone being well supported into the 1.5690-1.5700 zone. Current consolidation within the 100 points range helps the Euro
The British Pound is quiet today against the US Dollar today because of the UK Spring Bank Holiday and the USA Memorial Day. The first resistance for the currency couple today is still the top from 22 May at 1.9850,
EUR/USD The pair has been showing a consistent uptrend since May 8th, and appears that the momentum will probably continue uninterrupted. Last Wednesday the very important key resistance level of 1.5720 was breached and fresh bullish momentum has been injected.
PR-inside.com) NEW YORK (AP) - A former Credit Suisse investment banker convicted in a multimillion-dollar insider trading plot should receive minimal jail time at sentencing this week rather than the "extremely severe" eight years or more recommended by a probation
The company feels that more and more Americans are taking a path destined for financial disaster. Consumers are being forced into debt consolidation loans, debt relief programs and bankruptcy as credit card company profits rise at an alarming rate.
NEW YORK, May 26 (newratings.com) - In a research note published on May 23, analysts at Matrix Research upgrade Bois D Arc Energy Inc (ticker: BDE) from "buy" to "strong buy." [more]
NEW YORK, May 26 (newratings.com) - In a research note published on May 23, analysts at Matrix Research upgrade Winnebago Industries Inc (ticker: WGO) from "strong sell" to "sell." [more]
NEW YORK, May 26 (newratings.com) - In a research note published on May 23, analysts at Matrix Research upgrade Kulicke and Soffa Industries (ticker: KLIC) from "buy" to "strong buy." [more]
NEW YORK, May 26 (newratings.com) - In a research note published on May 23, analysts at Matrix Research upgrade Blue Coat Systems Inc (ticker: BCSI) from "buy" to "strong buy." [more]
NEW YORK, May 26 (newratings.com) - Analyst Inder M Singh of Lehman Brothers maintains his "overweight" rating on Aruba Networks Inc (ticker: ARUN), while reducing his estimates for the company. The target price is set to $10. [more]
NEW YORK, May 26 (newratings.com) - Analyst Ross Seymore of Deutsche Bank Securities upgrades National Semiconductor Corp (ticker: NSM) from "hold" to "buy." The target price has been raised from $20 to $25. [more]
NEW YORK, May 26 (newratings.com) - Analyst James C West of Lehman Brothers maintains his "equal weight" rating on Bristow Group Inc (ticker: BRS), while reducing his estimates for the company. The target price is set to $62. [more]
NEW YORK, May 26 (newratings.com) - In a research note published on May 23, analysts at Matrix Research upgrade Curtiss Wright Corp (ticker: CW) from "hold" to "buy." [more]
