A US senate vote on the latest debt deal is now looking highly unlikely before Monday according to a senior congressional aide, report Reuters. read full news Published: Mon, 01 Aug 2011 08:49
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Monthly Archives: July 2011
AUDUSD: Sees Further Bullish Momentum (Weekly Technical Strategist)
AUDUSD: The pair is on the verge of resuming its long term uptrend following a strong rally to test a high of 1.1078 level before closing at 1.0987 on Friday. This development now leaves AUDUSD targeting an eventual break and hold above the 1.1009 level, its 2011 high. A breach of this level will…...
America is merely wounded, Europe risks death
We have a glimmer of hope. The key indicators of the US money supply are at last firing on all cylinders, a dramatic turn for the better that would normally signal recovery or even a mini-boom within the next six to 12 months. Needless to say, these are not normal times. The US and...
Reid says hopes to hold U.S. Senate debt vote tonight
Senate Democratic Leader Harry Reid said on Sunday he hopes to hold a Senate vote tonight on an emerging deal to raise the U.S. debt ceiling. Asked if the Senate would vote tonight on the plan, Reid said “we hope to” as he left a meeting with other congressional Democratic leaders. read full news...
Forex Weekly Outlook August 1-5
Rate decision in Australia, UK, the Euro-Zone and Japan, US Non-Farm Employment Change and other important employment data are at the top of our list this week. Here is an outlook on the major market-movers awaiting us. Last week the debt ceiling crises deepened as U.S. House Speaker the republic… read full news Published:...
U.S. Jobless Rate Probably Unchanged in July
The U.S. probably failed to create enough jobs in July to reduce unemployment, showing anxiety over government debt deliberations and a slowdown in consumer spending have shaken employer confidence, economists said before reports this week. Payrolls climbed by 90,000 workers after an 18,000 incr… read full news Published: Mon, 01 Aug 2011 06:49
Weekly market preview – Assessing the damage
The aftermath of the US debt fiasco will have an extremely important market impact during the forthcoming week with all sides looking to count the cost of political brinkmanship whatever the final result. There are still uncertainties, but increasing evidence that there will be a compromise bill to… read full news Published: Mon, 01...
EUR/USD Outlook August 1-5
This was the week of the hangover from the European summit. The upcoming week consists of many events, with Trichets post-rate press conference being the highlight. Will we see a softer stance on inflation? Here is an outlook for the events that will rock the euro, and an updated technical analysis… read full news...
USDCHF: Sells Off, Resumes Long Term Downtrend (Week Ahead)
USDCHF: A sharp sell off has seen the pair resuming its long term downtrend and opening the door for further weakness in the days ahead. With that said, the 0.7800 level comes in as the immediate downside objective with a cut through that level allowing for more declines towards the 0.7700 level and… read...
Real Housewives Of Wall Street Missing Two Crucial Elements
This is not the way we wanted to start the weekend but so be it: the dream of having Lisa Maria Falcone and her Grammy-award winning pig in our living room every week is over. Reality TV show Wall $treet Wives has been cast and our favorite hedge fund wife and her sidekick are...