The AUD/USD starts out 2015 in a position to decline further after a weak close in December. Last month, the Forex pair reaffirmed its downtrend on the monthly chart with its sustained move under the previous main bottom at .8659 and the major 50% level at .8545. Both of these prices are resistance in January. Additional resistance angles come in at .8544 and .8556. The best area to sell on a retracement is the resistance cluster at .8544 and .8545. ...
Here in tropical Australia, the saltwater crocodile is a fearsome and intelligent predator known to wait patiently for days or weeks on end until unaware prey come to the water’s edge and become its next meal. Crocodiles are by many accounts the most successful animal that has ever lived; they’ve been around for about 200 million years and have out-lived the Dinosaurs, and they’ve evolved over time to become perhaps the most successful predator on Earth, ...
Cream bassist Jack Bruce dies Jack Bruce, singer, songwriter and bassist for legendary 1960s rock band Cream, died Saturday at 71. Bruce's family confirmed the death of the Scottish musician on his official website and Facebook page. "The world of music will be a poorer place without him, but he lives on in his music and forever in our hearts." Considered one of the greatest rock trios of all ...
Dollar’s Rally Has Grown Even More Extreme Fundamental Forecast for Dollar: Neutral The US Dollar has rallied for a record 11 consecutive weeks, and the quarter is on pace for a 7-year record Fed forecasts have done much of the heavy lifting to this point, but risk trends are increasingly important We are only a few days from the close of the US Dollar’s best quarterly performance since the third quarter of 2008 – at ...
British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes Fundamental Forecast for Pound: Bullish Status-Quo BOE Announcement to Amplify Slide in Rate Hike Outlook Hawkish FOMC Minutes to Help Undermine the Pound’s Yield Appeal One might have expected the British Pound to move confidently higher after the Scottish Independence referendum passed without disrupting the status quo considering the Bank of England ...
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