Rand Exchange Rate Trending at 11-Week Low vs GBP, USD and the EUR on Credit Rating Expectations. Expectations that top ratings agency Fitch would downgrade South Africa’s credit rating placed the Rand exchange rate under heavy pressure on Friday, despite some analysts asserting that the institution is more likely to affirm the nation’s BBB sovereign credit rating and negative outlook. According to one industry expert; ‘While ...
The EUR/USD soared for several days adding almost 300 points to trade above the 1.13 level to reverse course Friday and fall 125 points to end the week at 1.1114. The euro had to deal with the Greek situation which is now hitting its pinnacle as Greece did not make the June 5th payment and asked the IMF to combine all the June payments to pay at the end of the month. The ECB supported the currency and Mario Draghi sent the euro soaring at his monthly ...
Technical Developments to Watch: EUR/USD still below key trend line resistance at 1.1380 GBP/USD testing key support at 1.5190 USD/JPY at a 13-year high, bias bullish above 124.15 NZD/USD in play, potential for another leg lower if RBNZ cuts rates EURUSD exploded higher early last week before but gave back most of its gains on Thur. & Fri. MACD and Slow Stochastics show balanced, ...
Jane's Addiction have signed on to headline this year's upcoming Fun Fun Fun fest. The event is scheduled to take place in Austin, Texas between November 6 and 8 at the Auditorium Shores venue. The lineup will also include headlining sets from D'Angelo and the Vanguard, Gogol Bordello and the Wu-Tang Clan. More...
Magnificent Power of Ocean Waves by Warren Keelan
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