June 2012 Blog Posts (9)

Occasionally the SEC and other regulators will castigate, actually punish, fraudulent events on Wall Street.  Of course the real punishment is only meted out to individuals and small companies.  Mega banks – the banking mafia – are largely immune.

 

Martha Stewart was convicted of insider trading in 2004 – a relatively small amount – and was sent to jail.  It was an act of fraud alright, but it pales in comparison to the fraud of Wall Street banks.

 

Phil Falcone, a once…

EUR/USD: Technical Analysis

Short-term uptrend (blue) line has led the price to 1. 2520/00 support, like expected, where it still resides, attempting to test this barrier. Indicators suggest further decline. The only question is whether the bears manage to breach 1.2520/00 level or not. If they do, the price will drop further down to 1.2430/15 level, and then to local minimums, found at 1.2280/70 support. Should trading retrace above 1.2650 resistance, the alternative…

EUR/USD: Technical Analysis

Bulls failed to push the price up to 1.2800 level, trading continued within sideways range, close to the local maximums and is currently carried out at 1.2650/60 level. Indicators suggest to expect a possible reversal down. If the price breaches a short-term uptrend (blue) line within 1.2600-1.2580 support range, it’ll be a signal for another decline towards 1. 2520/00 level, and may be even lower to the minimums at 1.2280/70 support.…

China may be once again beating us at our own game. But instead of ripping off American goods and producing them at a fraction of the cost, this time they’ve copied our monetary policy. And like everything the Chinese do, they are doing it big.



The Chinese government has been pumping the economy with liquidity by printing money at an alarming rate. Much of that money has ended up in the hands of wasteful state-owned enterprises, or SOEs lent to them by a banking cabal.…

EUR/USD: Technical Analysis

The pair is still climbing within a channel. It will probably continue higher and possibly re-touch the 1.2750 highs, or even the upper channel line at 1.2790. If there is a fall back down then the monthly pivot underpins support at 1.2660, although a breach of that would probably lead to a move down to the lower channel-line at 1.2615.…

EUR/USD: Technical Analysis

Bearish trend recommenced, trading is currently carried out at 1.2340/30 level. Indicators suggest further downtrend, which gives reasons to expect earlier forecast to confirm. Decline towards 1.2240/50 support is the most possible scenario. If this barrier on the way down doesn't hold back the bears, level 1.2160/45 will be tested next and the price will most likely commence its decline towards 2010 minimum - level 1.1880/90.…