Posts Tagged ‘Drop’
Price action on GBP/USD (a 4-hour chart of which is shown) as of Monday (11/29/2010) has continued to display a strong and rapid bearish bias after having just established a fresh two-month low. This occurs after price action broke down last week below a key uptrend support line extending from the early September low, then [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/26/2010) has broken down below a rising wedge consolidation pattern. This occurs after price action broke down below a steep parallel uptrend channel in mid-October. Since that channel breakdown, the pair has been unable to rise enough to re-test its 1.4157 [...]
By Donna Kardos Yesalavich
Stocks slipped Thursday on concerns that upcoming quarterly earnings reports and monthly jobs data might disappoint.
Better-than-expected employment and retail-sales numbers limited the decline.
The Dow Jones Industrial Average closed down 19.07 points, or 0.2%, to 10948.58. Alcoa led the measure’s drop with a decline of 17 cents, or 1.4%, to [...]
Price action on USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term parallel uptrend channel extending from [...]
By Jonathan Cheng
Unsettling data and central-bank messages from the U.S., Asia and Europe pushed global growth fears to the fore on Wednesday, prompting investors around the world to dive into safer assets.
Blue-chip stocks posted their worst daily decline in more than a month, pushing the Dow Jones Industrial Average into negative territory for [...]
Price action on USD/CHF, a daily chart of which is shown, continues to show the dramatic bearishness that was noted early in the week when price action reached all the way down to a key uptrend support line extending from the November 2009 low below parity. After the breakdown of this trendline, 1.0650 was the [...]
By Prabha Natarajan And Matt Phillips
Persistent worries about the global economy are roiling the stock market, but they’re also proving a boon for borrowers.
The Dow Jones Industrial Average tumbled another 145.64 points on Thursday as Freddie Mac said that 30-year mortgage rates fell to their lowest level in almost 40 years.
The same [...]
By Peter A. McKay
The energy sector led an afternoon swoon in stocks that left the market sharply lower at the close as traders fretted about legal wrangling between the oil industry and Washington over post-spill drilling restrictions.
A volatile market swing was set off by afternoon reports that a federal judge in New Orleans had [...]
(Fortune) — For stock market operators, a strong stomach and preparedness for the unknowable are critical traits. Yesterday’s action in the U.S. equity markets tested even the most savvy of investors. But, as Robert Frost famously said, “In three words I can sum up everything I’ve learned about life: it goes on.” And indeed it [...]
