The Australian and US dollar were at par last month when an all-time high of 1.0183 was reached on November 5. However, the Aussie started declining by a thousand pips to an 8-week low of 0.9584 because of the Ireland banking crisis, which was followed up by the potential North-South Korea war last week.
Fortunately for the Aussie [...]

For those of us who are wondering why the days of declining prices at the gas station have ended, a look at the 1 year chart of crude oil will give us an idea.
From a high of $147/bbl, oil has dropped to a low of $35/bbl a few months back and that seems to be [...]

Recapping the highlights of the previous week:

American Express (NYSE: AXP) gets the Fed’s approval to form a bank-holding company. Never leave home without it…

Starbucks (Nasdaq: SBUX) reports disappointing quarterly profit. That’s for your expensive coffee!

Best [...]

Our primary downtrend is now established since the required duration has hit the minimum duration required. Our intermediate and minor downtrends are still in effect.
The MACD offers corroborating evidence to the primary downtrend as it oscillates predominantly below the zero line. The fast line is still below the slow line indicating that short term bearish [...]

 
 
A lot of smart people have tried to call the bottom on Wall Street this year. So far, they have all been wrong. Since Dow Jones rallied from 11,500 to 13,000 last May after falling off its’ all time high of 14,000, the market has gone south and registered a series of lows, each low [...]