US News

Daily chart: In yesterday’s session, the USDX not make very significant movements for the development of a stronger trend. By contrast, current USDX movements show a market surrounded by much uncertainty, due to the current situation in Syria, so we must be very aware of the reaction of the USDX, in address to this situation. […]

Daily chart: The USDX is still facing a resistance at the 81.50 level. However, this could be the formation of a lower high pattern, but this is still not sure. It is possible that the USDX to fall to the bullish trend line at the level of 81.05. If the GBPUSD manages to break it, […]

Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]

What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by?  I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love.  It has […]

I moved to Rochester, New York, in 1970.  The city’s population at that time was just over 296,000 according to the U.S. census.  Sixty-five thousand people, nearly 22% of the entire population of the city worked for Eastman Kodak, the world’s leading manufacturer of cameras and film.  My next door neighbor worked for Kodak.  In […]

Retailer Saks Incorporated, better known as Saks, today announced results for the second quarter and six months ended August 3, 2013. Overview of Results for the Second Quarter and Six Months Ended August 3, 2013 For the second quarter ended August 3, 2013, the Company recorded a net loss of $19.6 million, or $.13 per […]

Dell announced their fiscal 2014 second quarter results, with revenue of $14.5 billion, GAAP earnings of $0.12 per share and non-GAAP earnings of $0.25 per share. The company’s Enterprise Solutions, Services and Software (ES&S) revenue was $5.8 billion, growing 9 percent year over year, including the benefit of the Quest acquisition. In End User Computing, […]

Daily chart: The USDX continues to consolidate below the 200 moving average. We must be attentive to the USDX, because this is approaching a bullish trend line nearby. If the USDX achieved in break that trend line, it’s expected to fall to support at the 80.62 level. On the other hand, if the USDX managed […]

The U.S. Department of the Treasury has released Treasury International Capital (TIC) data for June 2013. The next release, which will report on data for July 2013, is scheduled for September 17, 2013. The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]