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Post of the Day: CHF/JPY (Daily FX via Yahoo! Finance)
Student?s Question: After the CHF/JPY 5 month downtrend, CHF being its retracement to 38.2% and broke through briefly on 12/29. The following day nearly broke through but didn't succeed and would have been a good signal to sell.
Read more...Post of the Day: CHF/JPY (Daily FX)
After the CHF/JPY 5 month downtrend, CHF being its retracement to 38.2% and broke through briefly on 12/29. The following day nearly broke through but didn't succeed and would have been a good signal to sell. The next several days confirmed resistance around 38.2% and looks to now be in a downtrend.
Read more...Stocks jump on first trading day of 2009 (People's Daily)
The mainland stock market began the New Year with a broad rally yesterday, led by the policy-driven auto and steel sectors and a rebound on bourses across the world. The benchmark Shanghai Composite Index rose 3.29 percent, or 59.91 points, to end at 1880.72 on the first trading day of 2009 after eight straight days of losses. The rise in stocks was almost overall, with advancing stocks ...
Read more...Battle Plan Trade of the Week: ETF Trading and EWJ (TradingMarkets.com via Yahoo! Finance)
This week has provided for only one trade in the TradingMarkets Battle Plan trading and the iShares MSCI Japan Index ETF proved to be a worthwhile one.
Read more...Profit warnings and job losses signal lasting slowdown (Reuters via Yahoo! News)
Bleak export data from Europe's biggest economy and a wave of profit warnings and job cuts soured investor sentiment on Thursday after an employment report suggested U.S. job losses in December could be the worst in almost 60 years.
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