USD/CHF is in the process of completing a Double-Bottom pattern. It has been hovering around the breakout level for the last couple of weeks. Now it seems to be breaking out. The pair made two near term lows – one made on March 13th (point A in chart) and another on May 8th (point C).…
Euro Zone is courting deflation and witnessing weak growth. Some talking heads on TV are wondering whether ECB President Draghi believes in data that inflation is not a threat. But on Thursday morning, ECB and President Draghi came out with blazing guns. ECB has cut the deposit rate to -0.1% from 0.0%, effective from June 11, 2014.The negative rate…
For most of 2011, Microsoft (MSFT) oscillated within a horizontal channel with a lower bound in 23-24 range and upper bound in 27-28 range. There was false breakout in early 2011, but it did not last long and price fell back into the channel. Mr. Softy finally made a move to break out of this…
After making an all time low of 71.05 in April ’08, Dollar Index bounced back up to 89.25 by November ’08, retracing between 78.6% – to -89% of the drop from the previous high of 92.53 reached in November ’05, arguably, driven by the fear trade in the aftermath of ’08 financial crisis. For the…
It’s about time too. Infosys (INFY) is one of the bellwether IT companies of India. It is seeking European acquisitions to lift its value. Infosys, whose $4 billion cash pile is the biggest among India’s computer-services providers, said last month it’s looking for a European deal after its annual sales forecast trailed analysts’ estimates. ……
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