The devastation caused by Hurricane Sandy has not yet been tallied in its entirety; in addition to those who lost their lives and their houses, there are those who still haven’t returned home to assess the damage. In addition to destruction of personal property, the public landmarks, transportation systems and foliage that was destroyed is…
GBPUSD: Our upside target on further bullish offensive stands at the 1.6177 level. A break of here will reduce its broader bear threats. This if seen will pave the way for a run at the 1.6215 level. A push through here could see the pair target higher prices towards the 1.6350 level. Further out, resistance…
EUR/USD rallied during Europe trading session yesterday but unfortunately, the rally could not sustain itself. Burnt out and reversed almost immediately. EUR/USD hit 1.3020, which also happened to a previous high in H4 timeframe. Since EUR/USD could not break above H4 high, we are back into range trading for the day. Today, EUR/USD has remained…
It takes considerable power to save a currency that benefits only to a few… But Switzerland does that to weaken to swiss franc (see article from Reuters) only ? Source article from cnbc.com How the Swiss Will Boost the Euro The Swiss National Bank has trimmed its big euro position, taking downward pressure off the…
The private sector infrastructure necessary to trade, clear and record over-the-counter (OTC) derivative transactions is now ready but regulatory uncertainty is blocking everyone from using these new exchanges, according to the Financial Stability Board (FSB). The FSB’s fourth progress report on reforming OTC derivatives, which triggered fears of contagion during the global…
…more than ever before and yet they still want us to work until 65 or 70 years old and more than 7h a day… The Euro-Zone represents the 17 countries with the common currency among the 27 countries in Europe… The work of men (women) has been replaced by machines for decades, but they still…
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