The Traderszone Network

EUR/USD technical analysis
EUR/USD failed at the 61.8% retracement of the May decline, now it’s supported at 38.2% retracement.
It’s a solid spot for a bounce with a relatively light economic calendar coming up in European trading.

A shakeup of Viacom Inc.’s board is in the works.
read more

Gold prices would likely resume their bull run, ANZ said, amid lowered Fed rate hike expectations and the risky Brexit poll.

CNN’s Frank Pallotta heads to rehearsals for the Tony Awards to talk to James Corden about his journey from the stage to late night comedy sensation and back again. Corden is hosting the Tony Awards on Sunday.

Apple (NASDAQ: AAPL) stock recently found favor with legendary investor Warren Buffett’s Berkshire Hathaway. In May, an SEC filing revealed Berkshire had invested $1 billion into Apple stock. While I’m sure there are a number of reasons Berkshire decided Apple was a quality investment, I’d guess the tech giant’s dividend was one of the main factors.

read more

Regulation and bank stresses have broken down covered interest parity
The that gets to the very fundamentals of how currencies are seen and valued.
BIS published a paper yesterday
It’s all about covered interest parity (CIP), which ensures that implicit FX interest rates are the same as in money markets.

Sen.

read more