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Dubai Islamic Bank (DU:DISB), traded in Dubai, has made a clear drop from a Head & Shoulders Top (HS) trend reversal pattern. The breakout occurred as the stock fell below approximately 7.00,...
It’s the holiday season and with another year coming to an end, it’s also time for a wide range of religious celebrations to take place. Investing is a lot like religion too. Just like...
The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI...
Hooray, Crude Oil is suddenly much cheaper than it used to be. That's great news, right? Not so fast. For certain it's not good news for those counting on a continued rise in US oil production from...
Sometimes a dominant story continues from one week to the next. Crashing energy prices and continued selling of any related stock seems to have spilled over into the rest of the market. There will...
Key Fundamental Forex Events for the Week of December 8th through December 12thThe following table lists the key economic data and other events that came out during the week of December8th through...
First, for all you right minded wording detectives out there, you are absolutely right… inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two measures...
Policy Change Coming Next Week?In Tuesday’s Wall Street Journal, a reporter with excellent contacts at the Fed, Jon Hilsenrath, penned the following: Federal Reserve officials are seriously...
Markets correct but it should be temporary. Short-term outlook for oil is weak. Lower oil price gives stronger baseline growth but higher tail risk. Euro area is bottoming, US looks...
Growth in industrial production was weaker than expected in November where it eased to 7.2% y/y (consensus 7.5%, DBM 7.4%) from 7.7% in October. According to our calculations seasonally adjusted...
The country’s currency is in free fall.Its president is functionally insane. And the supply glut in oil could tip the populace into chaos. Yet despite the fear and loathing, Jim remains...
Daily BriefingCurrencies EUR/USD: The pair is trading above its upward trend line on a 30 minute time frame. The next support is at 1.22 and the next resistance is at 1.2530. USD/JPY: The pair is...
The US dollar is trading within yesterday's ranges against the major currencies. The Canadian dollar is the main exception. It is pushing lower still, with the greenback pushing a little beyond...
Growth in industrial production was weaker than expected in November where it eased to 7.2% y/y (Consensus: 7.5% y/y, DMB 7.4% y/y) from 7.7% y/y in October. According to our calculations industrial...
EUR/USDToday’s support: -1.2364, 1.2352 and 1.2323(main),where correction is possible. Break would give 1.2301, where correction also may be. Then follows 1.2274. Break of the latter would...