US News

Glaxosmithkline (LSE:GSK) share price has declined by 13.0 pence (0.79%) in trading on the London Exchange today, continuing its current decline that began on 02 September, although the company announced that it has reached an agreement to divest its nutritional drink brands, Lucozade and Ribena, to Suntory Beverage & Food Ltd for £1.35 billion. GSK had […]

Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we must consider the USDX could make a bearish rebound at current levels, because that level of 82.51 is very strong. The […]

I’m not going to write about stocks today, but I will at least mention one.  Instead, I wish to direct your attention to the economy in general.  I’m also going to say some things that the media does not often say and politicians don’t want them to say it. The economy is out of control. […]

A couple of weeks ago I wrote one of my typically brilliant stories, only to see that my colleague, Tom Frew, wrote about the same story the very next day.  I cautioned him that his “oversight” might be returned in kind someday.  I mean, you never know about these things.  Today, I return from a […]

Daily chart: The USDX remains strong on a bullish trend, because this is consolidating above the 200 day moving average and the latter have been bullish candlesticks. It is likely that during this week, the USDX achieved up to resistance at the 82.51 level. Recall that this level is very strong and could slow the […]

Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK) have jointly announced that Microsoft will purchase the vast majority of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services as part of a deal worth 5.4bn euros ($7.2bn; £4.6bn). Under the terms of the agreement, Microsoft will pay 3.79bn euros to purchase substantially […]

Daily chart: The USDX remains consolidating above the SMA 200, forming a lower high pattern above this SMA 200. Last week, we said that the USDX could rise to resistance at the 82.51 level, but this would be a very difficult scenario to occur, due to the global uncertainty, for a possible U.S. military intervention […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A big week for the markets with participants finally permitted to look away from the prospect of Fed tapering, if only briefly and for disturbing geopolitical and potentially military headlines regarding Syria, only to have to look back again […]

Daily chart: The USDX was able to break very strong resistance at the 81.50 level and now this is consolidating above the 200 day moving average. It is likely that the start USDX form a lower high pattern to continue up to the next resistance level at 82.51. However, we must be very careful with […]

Daily chart: The USDX tried to break the resistance at 81.50, but was unsuccessful. Remember that the global uncertainty has grown around the current situation in Syria, where the USDX has reacted very irregular movements without clear trend. If the USDX fails to make a bearish rebound at current levels would be expected to fall […]