The Pound has gained considerable strength over the USD in the past month and now nears a potential bottleneck in its ascent.The GBP/USD has been in a strong upward trend that has traded mostly within an upward channel. Currently the

Energy Conversion Devices, Inc., or ECD ( NASDAQ: ENER ) is preparing to take a gamble with a total of $16.3 million from its existing corporate funds on a possible take-over of the assets owned by Solar Integrated Technologies, Inc.

In Currencies: The USD price action was mixed during the European morning as data highlighted some divergences between the UK and continental Europe economic prospects. GBP was softer in the session as domestic economic fundamentals remained fragile and continued headwinds

Overall, the dollar index showed some signs of weakness during the overnight session, as the S&P futures and the European markets extended the global rally, and investors were looking to buy higher yielding currencies. During the European session, the market

Euroland flash composite PMI increased from 44.6 to 46.8 driven in particular by a sharp increase in manufacturing PMI from 42.6 to 46.0. Services PMI increased from 44.7 to 45.6. The PMI data beat both consensus expectations and our slightly

The day markets have been waiting for is here dear reader as the United Kingdom released its gross domestic product for the second quarter showing contraction was worse than market expectations while the annualized GDP marked the worst reading since

The USD/JYP continues "channel" type trading range, caught between 94.50 - 95.28, Japanese exporter sales helped push the YEN complex lower, head and shoulder pattern could extend that move. The EUR/USD spiked higher following an overnight low of 1.4190 on

As Jack mentioned on Tuesday, we're in Vancouver speaking at an investment conference. A popular question here, as the case with most conferences and seminars we attend, is: Which currencies would you want to hold right now for long-term appreciation

EURUSD has seen a roller coaster performance over the last 24 hours. Yesterday it posted a new local high before fading somewhat and then being punished for a sharp turn southward after the US equity close when Microsoft and Amazon

The European postponed all their data until the end of the week, and they managed to radiate us with those up beating fundamentals from Europe’s leading economies. The released fundamentals from the sixteen nations cleared that the pace of contraction

The U.S. dollar lost ground to the European single currency Friday, after closely-watched surveys indicated the 16-nation euro zone partially braked a fall in output in July. The Munich-based Ifo Institute's July German business climate index rose for the fourth-consecutive

The euro has spent the morning undergoing recovery after an unexpected sell off during late Thursday - cause unknown. One would think that a super-charged equity market rally would have stuffed the euro with confidence to break to new highs

In currencies, attention seemed to focus on the CAD in the New York morning as loonie tested the 1.0800 level after overnight remarks from Canadian Trade Min Day. The minister said that while a rising CAD hurts exports, he was

Twice a year the markets absorb the testimony of the Federal Reserve chairman in regard to forward economic prospects, as well as the reasoning of what came before. Both six monthly reviews come in the middle of earnings season, and

The final day of this economic week has finally come to an end whereas companies continued to report better than estimated earnings, while some major companies was forced to report worse than expected losses due to the slump in sales.

The common currency finished the week on a positive note, reclaiming one big figure and pulling within 45 pips of a new multi-month high. The pair moved higher after the release of the German July Ifo busienss climate index that

The dollar tumbled against most majors with the exception of the pound as the UK economy contracted, spurring risk aversion and profit-taking in the cable. The EurUsd rose 54pips or 0.38% to 1.42 in light of expectation-beating IFO numbers from

The greenback came under pressure today against most of its rivals, as positive data from Germany and the Euro-zone helped boost risk appetites. The Euro-Dollar pair, after sliding in late trading yesterday, rose about 100 pips overnight to test the

RBNZ Governor Bollard's speech on 14 July, simply titled "Economic Recovery", gives a clear indication of what to expect from next Thursday's OCR review. Compared to the June Monetary Policy Statement, the RBNZ appears more confident that the global economy

EUR/USD Recovers from Thursday's Pullback on Declining VolumeThe EUR/USD retraced to the 1.41 zone as we anticipated before rebounding early Friday from our 1.4142 support on the 4-hour. Ignoring the large rally in U.S. equities, investors chose to make their