GBP/USD – Weekly Technical Analysis (25.08.2014-29.08.2014)
The selloff in GBP/USD is already in its sixth week, and the charts do not provide any clue of a correction. The slide from 1.7190 has taken place with negligible corrective upswings after which the bears have More...
EUR/USD – Weekly Technical Analysis (25.08.2014-29.08.2014)
The break through the 1.3330 support level, which we were anticipating, occurred last week. The former sent the EUR/USD further south, and it is currently trading at 1.3195. The pair is now expected to continue More...
A mortgage settlement between Goldman Sachs and a US regulator reached
Goldman Sachs agrees to a $1.2 billion mortgage settlement with a US agency, thus averting a trial scheduled for September 29. On Friday, Goldman Sachs and the Federal Housing Finance Agency (FHFA) agreed on a More...
US military leaders recognize Islamic State as a formidable imminent threat to the US
President Obama has refrained from involvement into military action after the beheading of a US journalist in Syria, but taking the scale and sophistication of Islamic State, future military involvement is not unlikely. US More...
Crude oil prices ease with traders awaiting Janet Yellen’s speech at Jackson Hole
Thursday US economic data offset disappointing flash China manufacturing PMI bringing some relief for crude oil; suspense ahead of Fed Chair’s speech at Jackson Hole keep traders off big bets. The West Texas More...
Israeli PM Netanyahu determined to pursue the fight against Hamas further, after breakdown of temporary ceasefire
Israeli and Palestinian negotiators left Cairo with disagreements unresolved; the talks, commenced on August 5, yielded a succession of ceasefires but no permanent peace deal. Israeli PM Benjamin Netanyahu expressed More...
China’s August flash PMI falls more than estimates suggest
The China preliminary manufacturing gauge for August exceeded analysts’ expectations on the downside, owing to a credit and property slump. The China manufacturing gauge for the month of August displayed a figure, More...
German PMI results in an anemic euro bounce, while the Norwegian crown surges on strong GDP
Despite the resilience of the German economy, the euro zone picture has not become brighter, which dooms the euro to underperform in the mid-term. Better than expected German Services and Manufacturing PMI data More...
Ukraine is persistently repulsing separatists in the eastern part of the country
Ukraine is continuing its push against insurgents; Poroshenko has arranged meetings with Putin and Merkel, and he is attending the EU and NATO summits in the next two weeks. Ukraine is continuing to push back separatists More...
Fed minutes: the labor market has made significant improvement, but it is still early for a rate hike
The minutes from the last policy meeting of the Fed indicated most policymakers gave credit to the “greater than expected” improvement in the labor market, but thought it is yet premature to go on with policy More...
