Thursday, December 04, 2008
EURAUD is coiling in a tight Pennant formation.The
European Central Bank (ECB) rate decision could be the catalyst needed
to break this pair out of this range and toward new highs. The daily
trend remains up and prices are hugging close to the rising daily
support trend line. Buying at support with a stop 50 pips below the
trend line targeting the next level of resistance occurring at 2.0597
would... [read more]
Thursday, November 27, 2008
Impact of global crisis on China deepening, official warns job losses could fuel instabilityChina's top economic planner warned Thursday that the impact of the global financial crisis is worsening and said rising job losses could fuel instability.Beijing
announced its biggest interest rate cut in 11 years on Wednesday to
boost consumer and company spending, reflecting its growing urgency
about reviving... [read more]
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