http://www.moneymakeredge.com/blog showing the elliot wave and a diverging wedge for the resistance on the bear trend we are in. Break to new highs or retrace to lower levels.
Tuesday, August 25, 2009
diverging topside wedge, learn to trade S&P 500 emini futures
diverging topside wedge, learn to trade S&P 500 emini futures: "
http://www.moneymakeredge.com/blog showing the elliot wave and a diverging wedge for the resistance on the bear trend we are in. Break to new highs or retrace to lower levels."
http://www.moneymakeredge.com/blog showing the elliot wave and a diverging wedge for the resistance on the bear trend we are in. Break to new highs or retrace to lower levels.
Yen is rising , Aussie dollar run turns learn to trade currency
The yen rose the most in a week against the euro and the dollar strengthened as renewed concern the U.S. financial crisis will linger sent Asian shares lower and revived demand for safer assets. The Nikkei 225 Stock Average declined 0.8 percent and the Shanghai Composite Index sank 4.1 percent. U.S. stocks yesterday erased gains after SunTrust, Georgia's biggest bank, said commercial real estate may falter through 2010.
Australia's dollar snapped a five-day advance against the greenback as crude oil, the nation's fourth-most valuable commodity export, declined and damped demand for higher-yielding securities.
The yen rose 0.7 percent, the most since Aug. 17, to 134.33 per euro as of 7:30 a.m. in London from 135.27 yesterday in New York. It climbed 0.6 percent to 94.00 per dollar from 94.56. The U.S. currency was at $1.4294 per euro from $1.4304, and advanced to $1.6396 versus the pound from $1.6417.
Australia's dollar slipped to 83.54 U.S. cents from 83.89 cents in New York yesterday, when it touched 84.29 cents, the most since Aug. 14 and near its highest level this year. Crude oil for October delivery dropped 1 percent to $73.64 a barrel.
The Nikkei 225 Stock Average declined 0.8 percent and the Shanghai Composite Index sank 4.1 percent. U.S. stocks yesterday erased gains after SunTrust, Georgia's biggest bank, said commercial real estate may falter through 2010.
Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank's power in its 95-year history to battle the worst economic slump since the Great Depression, will be nominated to a second term by President Barack Obama. Bernanke "has led the Fed through one of the worst financial crises that this nation and this world have ever faced," Obama said in remarks prepared for delivery today in Martha's Vineyard, Massachusetts, where Bernanke is to join him. Revived
Australia's dollar snapped a five-day advance against the greenback as crude oil, the nation's fourth-most valuable commodity export, declined and damped demand for higher-yielding securities.
The yen rose 0.7 percent, the most since Aug. 17, to 134.33 per euro as of 7:30 a.m. in London from 135.27 yesterday in New York. It climbed 0.6 percent to 94.00 per dollar from 94.56. The U.S. currency was at $1.4294 per euro from $1.4304, and advanced to $1.6396 versus the pound from $1.6417.
Australia's dollar slipped to 83.54 U.S. cents from 83.89 cents in New York yesterday, when it touched 84.29 cents, the most since Aug. 14 and near its highest level this year. Crude oil for October delivery dropped 1 percent to $73.64 a barrel.
The Nikkei 225 Stock Average declined 0.8 percent and the Shanghai Composite Index sank 4.1 percent. U.S. stocks yesterday erased gains after SunTrust, Georgia's biggest bank, said commercial real estate may falter through 2010.
Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank's power in its 95-year history to battle the worst economic slump since the Great Depression, will be nominated to a second term by President Barack Obama. Bernanke "has led the Fed through one of the worst financial crises that this nation and this world have ever faced," Obama said in remarks prepared for delivery today in Martha's Vineyard, Massachusetts, where Bernanke is to join him. Revived
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