EUR/USD is almost unchanged on the day, around 1.2535, after a brief drive through 1.2509 in early Asia trade. Ever since, boredom has set in, leading to a moderate bounce.
According to Karen Jones, FX Strategist at Commerzbank: "The new low of 1.2495 charted last week has not been confirmed by the daily RSI and this suggests caution here and some near term consolidation."
Karen notes that "rallies will find initial resistance at 1.2681 and are expected to struggle at 1.2796/1.2825, this is an interim high and Fibonacci retracement", adding that "the 1.2495/90 support remains exposed and is regarded as the last defence for 1.2067, the 55 MONTH ma."
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.