Wilbur Ross: In next 5 years France could be the big sick man in Europe
Published on Sep 16, 2015 WL Ross & Co. Chairman Wilbur Ross and Merrill Lynch Portfolio Solutions CIO Mary Ann Bartels on the U.S. ban on oil exports, Europe and Greece.
Published on Sep 16, 2015 WL Ross & Co. Chairman Wilbur Ross and Merrill Lynch Portfolio Solutions CIO Mary Ann Bartels on the U.S. ban on oil exports, Europe and Greece.
For gold investors and gold bugs, the current malaise in the price of gold is both relentless and remorseless with each minor rally promptly engulfed by a wave of heavy selling. As someone wrote a few weeks ago, gold bugs consider the market to be functioning correctly when the price of gold is rising, and incorrectly when the market is falling.
The EURUSD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of that there seems to be a lot of mistrust of the situation.
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or lower.
Frozen, the movie made a fortune for Walt Disney (DIS, quote), and yes I did watch it, and listened to a young girl sing the song…a lot.
The AUDUSD pair went back and forth during the course of the day on Thursday, as the 0.75 level offered resistance.
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.
As the Greek tragedy continues to drag on, it’s perhaps an apposite time to take a tour round the four major futures of the 6A, the 6B, the 6C and the 6E for the September contract,
EURUSD just broke out of its short-term consolidation pattern, signaling that further gains are possible for the pair. Recall that price had traded inside a symmetrical triangle pattern before breaking to the upside past the 1.1300 major psychological resistance.