Sunday, September 5, 2010

Daily Markets - AUD/USD Could Rest A While Before Continuing Its Rise

Daily Markets - AUD/USD Could Rest A While Before Continuing Its Rise

AUD/USD Could Rest A While Before Continuing Its Rise

Posted: 05 Sep 2010 05:01 PM PDT

Good day to you my fellow FX men and women! Today I present to you the daily chart of the AUDUSD.

As you can see, the pair has been trading within an ascending channel since the middle of May 2010. Of course, the pair would more like trend higher as long as the channel's support does not buckle. The Aussie, however, could meet some resistance at the pair's previous high near the 0.9200 level. With the stochastics in the overbought area, it could rest for a while before making … [visit site to read more]

We Can Only Dream

Posted: 05 Sep 2010 03:29 PM PDT

Reports like those that follow help make it clear that the problems we face are structural rather than cyclical. Myriad bad policies and a distorted sense of economic reality — no doubt fed by ruthlessly self-interested corporate and political interests — encouraged large numbers of Americans to acquire knowledge, skills, and perspectives that are really only relevant in a easy-money-fueled economy.
Once the bubble bursts, however, they are as unprepared for changing times … [visit site to read more]
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