Commentary : Naturally, the Kiwi is in the exact same position as the AUDUSD. Since the NZDUSD already tested the 61.8% of .6639-.7272 at .6881, it seems more likely that a B wave low is already in place at .6869 and that price is headed higher in w
Commentary : With price action remaining choppy on a short term basis, we are showing the daily chart today for perspective. The daily chart shows a clear 5 wave rally from the December 2004 low to the November 2005 high. Everything since has been a
Commentary : Bigger picture, the USDJPY has traced out 5 waves lower (which is large wave 1)from 124.13 to 111.59, indicating a large degree trend change. Since the low at 111.59, it is our contention that an A-B-C correction is unfolding as large w
Commentary : Potential remains for a push to the 1.3750 area before a reversal back towards at least 1.3463. The rally from 1.3360 may be an initial 5 wave advance within a larger rally sequence but even if that is the case, a correction would be ex
Commentary : Near term USDCAD price action is choppy and corrective as well, which makes trading this pair on a short term basis risky right now. When price action is choppy, we prefer to sit tight and wait for a clearer pattern to emerge. The longe
Commentary : The AUDUSD is correcting the .8870-.7673 decline. The 3 wave movements at varrying degrees of trend make this clear. There are a number of possibilities right now, too many to take a strong stand one way or the other. Price could come u
-Euro Could Still Test 1.3750 -Japanese Yen Could Correct to 119.00 Next Week -British Pound 2.0270 Potential Reversal Point -Swiss Franc Large Triangle is Dominant Pattern -Canadian Dollar Choppy Range is Risky -Australian Dollar Advancing Correcti
NAIROBI, Kenya (AP) -- Long-standing allegations that Kenya's former President Daniel arap Moi stole millions from state coffers are cropping up again, just as his successor moves into the final months of campaigning for re-election. The accusations
NEW YORK (AP) -- Shares of gold producers rose Friday in midday trading, along with the broader market, due to easing economic sentiments and an increase in the commodity price of gold. On the New York Mercantile Exchange, December gold added $6.80 i
LONDON (AP) -- The U.S. dollar was mixed against other major currencies in European trading late Friday. Gold rose. The euro was quoted at $1.3632, down from $1.3637 late Thursday in New York. Later, in midday trading in New York, the euro fetched $1
PARIS (AP) -- Hermes International SA, the maker of Birkin handbags and high-end scarves, said Friday that its net profit rose 9 percent in the first half of the year as advertising efforts encouraged sales. The French luxury goods company reported a
Fundamental Headlines - USDJPY - Core consumer prices rose higher than expected, remains unchanged for the mont h of August. The figure is encouraging for interest rate increases in the short term as they beat consensus estimates of -0.1 percent. -
SAN FRANCISCO (AP) -- A year ago, it seemed like just about every major U.S. city was drawing up ambitious plans to build wireless Internet networks so more people, both rich and poor, could have online access wherever they wanted. Now, economics is
MANILA, Philippines (AP) -- Philippine stocks climbed Friday, lifted by second-quarter economic growth that was stronger than forecasts. The 30-company Philippine Stock Exchange Index gained 44.95 points, or 1.4 percent, to 3,365.29. Gains were poste
Talking Points -Japanese Yen: investment trusts continue to support carry -Aussie: Data hot rate hike expectations increase -Euro: Capped by 3680 top -Pound: Bid on high yield demand -Dollar: All eyes on Bernanke The last trading day of the last wee
·Dollar Falls Versus Yen
·Dollar - Will Housing Contin
·Japanese Shares Fall
·Ahead of the Bell: Aging Air
·US Dollar Mixed, Gold Steady
·Treasury Prices Get Late-Ses
·FOREX News: Australian Infla
·Money Market Funds Get Fresh
·Coca-Cola Enterprises profit
·Kennametal 1st-Quarter Profi
·Canada Minister: Shrink Pric
·Moody's 3Q Earnings Fall 13
·Dollar - Will Housing Contin
·Japanese Shares Fall
·Ahead of the Bell: Aging Air
·US Dollar Mixed, Gold Steady
·Treasury Prices Get Late-Ses
·FOREX News: Australian Infla
·Money Market Funds Get Fresh
·Coca-Cola Enterprises profit
·Kennametal 1st-Quarter Profi
·Canada Minister: Shrink Pric
·Moody's 3Q Earnings Fall 13
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