Posts Tagged ‘Breaks’
The British Pound (GBP) appears to have broken out of a nasty downtrend which had seen world markets tank as the US dollar strengthened. Problems in the Euro zone with their debt crisis increased fears in the marketplace which went into risk aversion mode. “Operation Twist” by the US Fed also helped increase short-term demand [...]
London Gold Market Report
from Ben Traynor
BullionVault
Monday 5 September, 08:00 EDT
THE U.S. DOLLAR gold price stuck its nose above $1900 an ounce Monday morning London time – its first breach of that level in nearly two weeks – before easing back towards lunchtime.
The silver price, by contrast, fell to a low of $42.42 per ounce – [...]
The 240-minute chart of the AUD/USD has broken through the resistance of an Ascending Triangle. Ascending Triangles are made up of a more horizontal resistance level and a the support of an uptrend line. They are also best traded within the context of a sideways market phase such as the one seen here as prices [...]
The break higher in the EUR/USD has carried the pair to 1.4250 where psychological level resistance at the “50″ pip has pushed price lower and broken the uptrend line support of the Rising Wedge pattern. This pattern is a trending pattern that should ideally form within the context of an uptrend and has three possible [...]
NEW YORK (CNNMoney) — President Obama on Monday may propose limiting tax breaks for the rich, budget and policy experts say.
In the president’s past two budget requests, he called for limits on the value of itemized deductions for those in the top two tax brackets. That would include deductions for mortgage interest and charitable [...]
USDCAD breaks above the falling price channel on 4-hour chart, suggesting that lengthier consolidation of downtrend is underway. Further rally towards 1.0232 key resistance is expected in a couple of days. As long as 1.0232 resistance holds, downtrend is expected to resume, and one more fall towards 0.9930 (Apr 21 low) is still possible. However, [...]
Quote of the day: I’ve learned that everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it. – Andy Rooney
EURUSD
Trading strategy: long at 1.4025, stop at 1.3955(0.5% risk), 1st objective at 1.4075, 2nd objective at 1.4165
The euro found support near 1.3900 and breached the $1.400 [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/05/2010) has continued its dramatic recent bullishness by breaking out above prior key resistance in the 1.3800 price region, establishing an 8-month high in the process. This occurs within an exceptionally steep, continuing uptrend channel extending from [...]
NEW YORK (CNNMoney.com) — The debate over eliminating tax breaks for the oil and gas companies is heating up, with an industry group saying Monday that the move could cost the energy sector thousands of jobs.
President Obama signaled last week that his administration could pay for $180 billion in recently proposed economic recovery measures by [...]
WASHINGTON (CNNMoney.com) — A wave of weak economic reports has prompted some Democrats to embrace a short-term extension of the Bush tax cuts — even for the rich.
President Obama has been campaigning to extend the tax cuts for the middle class, while allowing the tax breaks for individuals who earn more than $200,000 a year [...]
