Posts Tagged ‘Record’
The December unemployment rate for the 17-member countries comprising the Eurozone rose to the highest level since the Euro was introduced in 1999. For the month of December, the rate for the entire region rose to 10.4 percent after the November result was similarly revised upwards one tenth of a percent from the originally-reported 10.3 [...]
Those in the market who were expecting British Pound (GBP) strength based on record inflation were sorely disappointed as the Pound is trading lower to start the day. There is a general misconception that the BOE is concerned about responding to inflation when in fact they are committed to just the opposite.
When I saw the [...]
Quote of the day:“Mistakes are the portals of discovery.” ~ James Joyce Good morning. Most charts are little change from yesterday, with EURUSD staying in the range of 1.4350-1.4430. Selling on rallies towards 1.4450 has been one of the best things to do lately and right now there’s no clue that we’re going to see [...]
The European Central Bank (ECB) spent 22 billion euros on bond purchases last week, as part of the expanded SMP (Securities Market Program), according to Reuters reports. The purchases exceed the previous record of 16.5 billion euros that the ECB undertook when it began buying Greek government debt in May 2010. The latest buying brings the total [...]
This month, the Swiss Franc touched a record high against not one, but two currencies: the US dollar and the Euro. Having risen by more than 30% against the former and 20% against the latter, the franc might just be the world’s best performing currency over the last twelve months. Let’s [...]
Price action on Gold (a daily chart of which is shown) as of Monday (4/25/2011) has continued its bullish stance after having broken out above its 1500 resistance target late last week, establishing yet a new all-time high above 1517 in the process. This follows on the heels of a week of almost daily record-breaking [...]
NEW YORK (CNNMoney) — Intel Corp. posted quarterly earnings on Tuesday that blew past Wall Street’s expectations and revenue that hit a record high.
Growth in the quarter was largely driven by Intel’s PC sales, which account for the vast majority of the chipmaker’s revenue.
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The Santa Clara, Calif.-based chip giant logged earnings per share of [...]
Propelled by economic recovery and the recent Mideast political turmoil, oil prices have firmly shaken off any lingering credit crisis weakness, and are headed towards a record high. Moreover, analysts are warning that due to certain fundamental changes to the global economy, prices will almost certainly remain high for the foreseeable future. The same goes [...]
The volatility of the last couple weeks has manifested itself in some unbelievable outcomes. In this post, I want to focus specifically on the Australian Dollar. When the Japanese disasters struck, the Aussie immediately tanked, as investors jettisoned risk and moved towards safe haven currencies. Only days later, it inexplicably rose 5%, en route to [...]
Price action on USD/CHF (a 4-hour chart of which is shown) as of Monday (3/07/2011) has continued its trading range consolidation within the context of a clear and strong bearish trend that has been in place for around a month. The current consolidation has prevailed for the last week and a half, with its upper [...]
