Here is what I am reading: Innovation Is a Discipline, Not a Cliché (Harvard Business Review Blogs) Europeans’ economic future has been hijacked by dangerous ideologues (Guardian) China Is Accelerating Financial Reforms (EconoMonitor) Indian growth weakest in nine years, rupee slides (Reuters) Spain cries for help: is Berlin listening ? (Reuters) AIG Could Happen Again…
The bad news coming out of Europe is keeping euro from recovering part of its sustained decline against the greenback. The pair has been in oversold territory for quite some time. The 9-day RSI is still showing divergence but the pair is reacting more to Spain worries than to any chart pattern. This week, EUR/USD bounced up…
Here is what I am reading: India’s Economy Slows, With Global Implications (New York Times) China stimulus unnecessary, risks long-term damage (Reuters) German-Russian Relations Enter a New Ice Age (Spiegel Online) Spain’s long climb to the liquidity hospital (FT/Alphaville) 6 reasons Spain will leave the euro first (MarketWatch) The hard challenges for Europe, an overly…
For very long Paul Krugman, the Nobel laureate columnist of New York Times has been insisting that the current economic problem in the US is due to persistent unemployment rate. He has been critical of Federal Reserve and its chairman Ben Bernanke because Krugman says that they are so pre-occupied with the fear of inflation and…
Here is what I am reading: Emerging growth is great, but get it at the right price (Emerging Money) There’s a danger of only looking at the front page of the FT (The Big Picture) Asia Exposed (Project Syndicate) The IMF on UK macroeconomic policy (FT Blogs Part1, Part 2) European Unity on the Rocks (Pew Research Center)…
Past few weeks have been quite brutal for the single currency of the eurozone against the greenback. By Memorial Day, EUR/USD had declined everyday in May except for two. Now it seems that the pair may be setting up for a bounce. Since mid-February, EUR/USD has been forming a descending triangle. The lower boundary line…
Here is what I am reading: Lunch with the FT: Paul Krugman (Financial Times) In Euro Zone, a Debate Over Bonds (New York Times) As Goes Greece (HuffingtonPost) ‘It’s in Europe’s Interest to Lift the Austerity Diktat’ (Spiegel Online) Investors may be headed toward ‘fiscal cliff’ (MarketWatch) Half of U.S. Lives in Household Getting Benefits…
EWI’s new eBook helps you identify trading opportunities Elliott waves often correct in terms of Fibonacci ratios. The following article, adapted from the eBook How You Can Use Fibonacci to Improve Your Trading, explains what you can expect when a market begins a corrective phase. Learn how you can read the entire 14-page eBook below.…
Despite an economy that is sinking deeper in recession, British Pound has done quite well against the euro. One of the causes is the uncertainty about eurozone due to the Greek crisis. As Greece grapples with her debt and insolvency issues, the number of alternatives available to her is decreasing. One alternative is that she…
Before the last election, George Osborne, the Chancellor of the Exchequer, had trumpeted the endorsement of Richard Branson. But now Branson is calling for a rethink of his policies: In an outspoken intervention, the founder and chairman of the Virgin Group called for a renewed focus from ministers on bringing unemployment down and promoting the…
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