9 March, 2015 by The TZ Newswire Staff Comments Off on Dollar Struggles at Long-Term Resistance
Dollar Struggles at Long-Term Resistance
Last Friday the dollar gapped up to reach overhead resistance at the 2010 high. Looking at UUP, the dollar ETF, we see that today, resistance held. The question now is whether it will be able to break out and set a new multi-year high. Looking at the Price Momentum Oscillator (PMO), we see that there was a crossover BUY signal generated last week as the PMO crossed above its 10-EMA which suggests a breakout is imminent.
9 March, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar hits fresh multiyear highs against euro, yen
Currencies: Dollar hits fresh multiyear highs against euro, yen
Upbeat jobs data from last week continues to power the dollar ahead, as it hits fresh highs against rivals.
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9 March, 2015 by The TZ Newswire Staff Comments Off on Has Greece Hit The Wall?
Has Greece Hit The Wall?
9 March, 2015 by The TZ Newswire Staff Comments Off on Gilead Sciences, Inc.: Still In The Lead Or Lagging Behind? An Algorithmic Perspective
Gilead Sciences, Inc.: Still In The Lead Or Lagging Behind? An Algorithmic Perspective
9 March, 2015 by The TZ Newswire Staff Comments Off on China February consumer inflation rebounds
China February consumer inflation rebounds
The producer price index (PPI) declined 4.8 percent in February, the National Bureau of Statistics said on Tuesday – the most negative reading posted since Oct 2009 – extending a long-running factory deflation cycle that began in 2012 to nearly three years. Economists and policymakers worry that the risk of deflation is rising for the world’s second-largest economy, as drag from a property market downturn and widespread factory overcapacity is compounded by an uncertain global outlook and soft commodity prices.
9 March, 2015 by The TZ Newswire Staff Comments Off on Prudential CEO to join Credit Suisse, profits rise 14 percent
Prudential CEO to join Credit Suisse, profits rise 14 percent
Insurer Prudential said on Tuesday its chief executive Tidjane Thiam would step down to join Credit Suisse as chief executive, as it reported a 14 percent rise in operating profits in 2014. Prudential …