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
Mon Mar 8, 2010 15:00 GMT |
Last week on Business Monitor Online I suggested that commodities looked poised for further gains as the US dollar weakened slightly and equity markets pushed higher. Two charts in particular point to additional upside for commodities. The first is the Baltic Dry Index, which has pushed above resistance in recent trading. Indeed, the Index seems… [Read more]
Tags: Baltic Dry, bounce, Commodities, CRB, speculative positions
Posted in: Commodities, General