3 May, 2014 by The TZ Newswire Staff Comments Off on U.S. Dollar is Testing Important Support Line
U.S. Dollar is Testing Important Support Line
The dollar has been weakening since the start of the year, and is now in the process of testing some important chart support. The weekly bars in the chart below show the U.S. Dollar Index ($USD) testing a support line drawn under 2012-2013 lows. A decisive close below that trendline would represent a technical breakdown in the greenback. There would be at least two possible side effects if that were to happen. One would be a boost in commodity prices (like gold) which generally rise when the dollar falls.
3 May, 2014 by The TZ Newswire Staff Comments Off on Sticky Prices in FX
Sticky Prices in FX
The major currencies continue to trade in fairly narrow ranges. The persistence of lackluster activity renders our trend identification, momentum, and positioning tools less useful.
The ECB meeting in the week ahead may be a window of opportunity for more activity. Yet, neither the threat of asset purchases and/or a negative deposit rate nor heightened tensions over Ukraine, or a re-acceleration of the US economy have seemingly provided new trading incentives.
3 May, 2014 by The TZ Newswire Staff Comments Off on Buffett: Didn’t want to ‘go to war’ with Coca-Cola
Buffett: Didn’t want to ‘go to war’ with Coca-Cola
Warren Buffett told shareholders his abstention in Coke’s controversial pay vote sent a clear enough message.
3 May, 2014 by The TZ Newswire Staff Comments Off on BMW’s sustainable supercar
BMW’s sustainable supercar
BMW’s new i8 takes the LifeDrive technology and sexualizes it, in a dead-cool, modernist luxury GT complete with corner-gripping all-wheel drive and wing doors, says Dan Neil.
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3 May, 2014 by The TZ Newswire Staff Comments Off on Look Over Your Right Shoulder
Look Over Your Right Shoulder
3 May, 2014 by The TZ Newswire Staff Comments Off on "We Are Essentially At War" Ukraine Admits, After Dozens Killed
"We Are Essentially At War" Ukraine Admits, After Dozens Killed
While there may be some confusion about why massive bond buying greeted yesterday’s “better than expected” loss of 209 jobs in the 25-54 age group, dragging stocks down, the answer is actually very simple: there is a war in the Ukraine.
3 May, 2014 by The TZ Newswire Staff Comments Off on Kentucky Derby owners: 3 ‘outsiders’ and their horses
Kentucky Derby owners: 3 ‘outsiders’ and their horses
A handful of this year’s Derby horse owners didn’t grow up as part of the Churchill Downs set.