The markets dropped for a fifth straight day as investors turned downbeat late in the session following comments from Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average closed down 19.15 points at 12,070.81. The blue-chip...
Forex traders had a very interesting early June. The greenback closed its third consecutive weekly decline – and the progress on the pullback seems to carry the same level of momentum that the larger bear trend through...
USDCAD’s rise from 0.9444 extended to as high as 0.9851. Further rally is expected next week, and next target would be at 1.0000 area. Support is at the uptrend line on daily chart, only a clear break...
U.S. stocks rose for a fourth consecutive session Tuesday as optimism about financial help ahead for Greece offset earlier pressure from a disappointing reading on consumer confidence, but the benchmark indexes couldn’t recover their losses for the...
Shares in the next week will run a gauntlet of data expected to indicate a slowing economic recovery, but a few positive reports may prove enough to draw investors into a market accustomed to negative sentiment. Equity...
USDCAD broke above the downtrend line from 1.0285 to 0.9973, suggesting that the fall from 1.0672 had completed at 0.9444 already. Further rally could be seen in a couple of weeks, and next target would be at...
The stock market closed higher Thursday as technology and consumer discretionary stocks countered the weight of weaker-than-forecast jobless claims and first-quarter economic growth. The Dow Jones Industrial Average finished up 8.10 points to close at 12,402.76. The...
We’re getting ready for another interesting week ahead. Many analysts are predicting the commodity rebound will continue to the end of the month. We on the other hand, believe the impressive bullish run of 2010 and early...
USDCAD is facing the resistance of the downtrend line from 1.0285 to 0.9973, a clear break above the trend line resistance will indicate that the long term downtrend from 1.0672 had completed at 0.9444 already, then the...
Wall Street closed in red territory once again as investors found little reason to diverge from a seasonal lull that often follows first-quarter earnings. The “sell in May and go away” adage has some fundamentals behind it,...
