The Traderszone Network

From a “Grexit” to the closure of banks, here are six myths about the Greek crisis, says Nicholas Economides, an NYU professor and adviser to Greece.

While the US has had its share of deadly social violence over the past year, much of split along along racial lines, it has mercifully avoided a full-blown racial war. However, in recent weeks there has been a troubling increase in invocations toward even more violence, and even more deaths, which seek to achieve just that: a United States gripped in racial warfare.

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Strong specialty pharmacy growth helps the big PBM and pharmacy chain in Q2.

While revenue met expectations, earnings came in much higher than expected.

Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes …

Range narrow. Market unsure…for now
The USDJPY is coiling in a narrow trading range today. The pair is trading between the 100 and 200 hour MAs (blue and green lines in the chart below) .  The 100 hour moving average currently comes in at 124.028. While the 200 moving average currently comes in at 123.826.  In addition, there are narrowing topside and lower trend lines. They come in at 124.10 and 123.83 respectively.  The 50% midpoint of the 4-day consolidating range, comes in at 124.042.  The trading range for the day is only 31 pips.

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Highlights of the July 2015 Canada RBC manufacturing PMI data report 4 August 2015
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Output 51.6 vs 52.9 prior
– Employment 49.5 vs 50.4 prior
RBC’s assistant chief economist, Paul Ferley says that the strengthening of the US economy and weaker CAD should provide a greater boost to exports and business conditions for manufacturers over the second half of the year