US News

Pound Sterling While the Pound began the week trading in the region of multi-month highs against both the US Dollar and Euro, the British asset broadly softened on Thursday as an unexpected decline in UK retail sales dented investor confidence in the nation’s economic recovery. To ask a currency expert a question direct, click HERE […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; So the Fed didn’t move. A no-show for T-day. Markets surprised, with few expecting nothing at all, most seeing at least some reduction in order to maintain credibility after all that build up to Sep-taper (last time I use […]

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), has announced that it has obtained approval from the Chinese State Council Information Office (SCIO) to distribute market data in China. The deal was foretold in Chairman Mao’s Little Red Book of Pink Sheets. With the license from the SCIO, NYSE Technologies will disseminate financial […]

Summer has come and is almost gone.  Larry Summers, on the other hand has already come and gone.  I understand how the end of Summer affect the entire planet, but I am somewhat in the dark as to how the end of Summers is cited as the almost singular reason for world markets to be […]

It won’t be long now before you are able to find a policeman when you need one.  Just head for the nearest Dunkin’ Donuts (NASDAQ:DNKN).  That’s right, Dunkin’ Donuts is coming back to London after two decades. The company announced yesterday that it was on a mission to rescue Londoners from the jaws of Krispy […]

Every evening Americans turn on their TV’s to catch up on the news of the day.  Among the top five headlines of the day, there is inevitably something like this:  “The Dow Jones Industrial Average was up 32 points today on news that . . .”  For the average American, that’s the most attention that […]

Daily chart: The USDX found strong resistance at the 82.51 level and now, the USDX has fallen to the level of 82.12. This could mean the formation of a lower high pattern, but if the USDX does fall to support at the 81.50 level, that could be an indication of a trend change. However, if […]

Glaxosmithkline (LSE:GSK) share price has declined by 13.0 pence (0.79%) in trading on the London Exchange today, continuing its current decline that began on 02 September, although the company announced that it has reached an agreement to divest its nutritional drink brands, Lucozade and Ribena, to Suntory Beverage & Food Ltd for £1.35 billion. GSK had […]

Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we must consider the USDX could make a bearish rebound at current levels, because that level of 82.51 is very strong. The […]

I’m not going to write about stocks today, but I will at least mention one.  Instead, I wish to direct your attention to the economy in general.  I’m also going to say some things that the media does not often say and politicians don’t want them to say it. The economy is out of control. […]