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S&P Downgrades Ireland

Posted by on November 24, 2010 · Leave a Comment 

Ireland’s credit rating was cut two notches by Standard & Poor’s to A, and the agency kept the negative outlook. S&P cited the ‘troubled banking system’ which would lead the Irish government to borrow more than previously expected, and added that the negative outlook reflects the risks that an EU-led bailout fails to stop investor [...]

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Behold the Golden Cross

Posted by on October 11, 2010 · Leave a Comment 

The S&P 500 Index futures are about to move higher based on a technical signal that has shown a lot of promise. Historically, when the 50-day moving average of the S&P 500 futures rolling contract crosses above the 200-day moving average of the S&P 500 futures rolling contract, the results are positive and very impressive. [...]

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Dollar and Yen floating aimlessly on new year’s eve

Posted by on December 31, 2009 · Leave a Comment 

The US Dollar floated today near its 16-week highs due to a generally weak Yen. Due to the holiday, low volume of trading in the forex markets along with general weakness in the Yen, contributed to keeping the Dollar up near its highs and the Yen languishing. The Yen has been weighed down lately on [...]

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