Currencies

ATW’s Jerry Simmons discusses the potential for a Head and Shoulders pattern, in reverse, for EUR/USD, plus potential scenarios for EUR/AUD.

With no new news from abroad last night, Wall Street jumped into holiday mode as jobless numbers and retailer results reversed Tuesday’s risk aversion. Dow up 151.

A threat of war on the Korean Peninsula added to global market woes last night as the Fed downgrades its US forecasts. Dow down 142.

Opinion pages and financial blogs have been going wild with visceral criticism of Ben Bernanke, the Fed, and its latest policy ploy. Is it justified?

Wall Street recovered ground from a steep loss as Moody’s threatens to downgrade Ireland and the FBI raided hedge funds for alleged insider trading. Dow down 24.

A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

President Obama took his Chevvy to the levee and found it full last night as Ireland capitulated and GM fever swept America. Dow up 173.

ATW’s Jeremy Simmons explains the importance of AUD/USD retreating below 0.98.

It was a flat day on Wall Street after Tuesday’s fall as an Irish solution moved closer to reality. Dow down 15.

The correction on Wall Street accelerated last night with a drop in China and more Irish angst sufficient excuse to cash in risk trades. Commodities cop a shellacking, Dow down 178.