Strategy: Short, Stop: 1.2500 (Close), Target: 1.2270Struggles Below Key Level With Candlestick Signals LackingShooting Star Signaled An Early Warning For A Retreat EUR/USD’s consolidation between the 1.2360 and 1.2500 trading band continues, with clear cues from candlesticks lacking. Yet in the context of a medium-term downtrend the pair may be set to revisit the recent lows near 1.2360. Beneath which would put the August 2012 trough at 1.2250 in sight. A close above 1.2500 ...
US stocks dropped to near record lows as losses in energy and small caps shares weighed on corporate deals and the better than expected results from Wal-Mart Stores Inc. Wal-Mart rose 4.4% after its earnings topped forecasts. Cisco Systems Inc. rose 2.6% and Viacom Inc. rose 4.2% as the results beat estimates. DreamWorks Animation SKG Inc. rose 15% after people briefed ...
Talking Points: EUR/GBP Technical Strategy: FlatSupport: 0.7917, 0.7887, 0.7849Resistance: 0.7947, 0.7985, 0.8030 The Euro has launched a brisk recovery against the British Pound, rising to the highest level in a month. Near-term resistance is at 0.7947, the 61.8% Fibonacci retracement, with a break above that on a daily closing basis exposing the 76.4% level at 0.7985. Alternatively, a turn back below the 50% Fib at 0.7917 opens the door for a challenge of the ...
Billionaire Ron Baron isn’t just a savvy investor – he also knows how to put on a good show. On Friday, over 4000 investors from across the country and abroad convened at the Metropolitan Opera House in New York. The highly-anticipated annual conference, in its 23rd year, is famous not just for big-name CEO speakers but also superstar performers who remain a surprise until the moment they take stage. The conference morning ...
'Friendly Company' by Robert Hagan
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