The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece’s prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. On Monday, Greek Prime Minister Alexis Tsipras appointed Deputy Foreign Minister Euclid Tsakalotos, an economist well liked by officials representing creditors, as ...
- Will the Bank of England’s (BoE) Inflation Report (May 13) Highlight a Slower Recovery? Trading the News: U.K. Gross Domestic Product (GDP) The U.K.’s 1Q Gross Domestic Product (GDP) report may dampen the appeal of the British Pound and undermine the near-term rebound in GBP/USD as the growth rate is expected to increase an annualized 2.6% after expanding 3.0% during the last three-months of 2014. What’s Expected: ...
Free PC games used to be the realm of quirky flash games or weird indie projects, but the free-to-play phenomenon has really taken off in the last couple of years. Now, the $60 AAA games that once ruled the roost are getting some real competition from games that offer hundreds of hours of gameplay for free. There are innumerable free-to-play games available for the PC, and with that ...
Below are five stocks owned by billionaire investors, each of which the investor involved has projected to double in price, or better: 1) Hertz (HTZ) - Billionaire Barry Rosenstein, head of the activist hedge fund Jana Partners, recently said at an investing conference that he believes Hertz shares could triple in price. Rosenstein said Hertz could buy back as much as 20 percent of its shares, which would double earnings per share and cause ...
The EURUSD had a bit of up and down time of it as the NY session got underway, but the support level held (see earlier post) against the 1.0915-25 area. The subsequent rally has seen the price extend above the 1.0971 level (highest close since March 5th). The next target is up at the 1.1000 level and there is some early profit taking against the level (or so it seems). The natural resistance level has been breached 6 separate times over ...
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