Tue Jul 6, 2010 18:34 GMT |
The euro continued to rally in today’s trading and is beginning to approach key technical resistance around the US$1.2750/EUR area. Though on the daily chart the unit is beginning to look increasingly overbought, the technical pattern points towards further upside for the euro, and I would not rule out a push to US$1.30/EUR. So how… [Read more]
Tags: dollar, euro, Eurozone, fundamentals, Greece, housing data, internal devaluation, PIIGS, RSI, short selling, sovereign debt, Spanish banks, speculative positions, technical pciture, unwinding, US labor market, US labour market
Posted in: Currencies, Eurozone, Financials, Inflation/Deflation
Wed Apr 8, 2009 16:03 GMT |
Peru’s IGRA equity index is showing a great deal of respect for the 18-month trendline resistance, as global markets take a breather. The daily relative strength index (RSI) for the bourse is implying that Peruvian stocks are looking overcooked, potentially acting as a sell signal for investors. I don’t rule out the possibility that a… [Read more]
Tags: Add new tag, Equities, Peru, resistance, RSI, Technicals, trendline
Posted in: Commodities, Equities, Financials, Latin America