Harbin Electric Inc. (HRBN) has been moving in a narrow range since the open Monday, but has climbed in the last 15 minutes. The stock is now up 1.14 at $16.14.
June 30, 2009
Arotech Corp. Has Risen To An 11-Month High On Order News
Thinly traded Arotech Corp. (ARTX) has been climbing for the majority of Monday morning. Shares are now up 0.50 at $1.90.
Fuqi International Inc. Has Risen Above A Trading Range
Fuqi International Inc. (FUQI) gapped open higher Monday and has continued to climb. Shares are now up 1.85 at $18.79 on above average volume.
Watson Wyatt Worldwide Is Falling After Merger Announcement
Watson Wyatt Worldwide (WW) and Towers, Perrin, Forster & Crosby, Inc. announced Sunday that their respective Boards of Directors unanimously approved a definitive agreement under which the companies will combine in a merger of equals, to form a new, publicly listed company called Towers Watson & Co.
The Dollar rises against most majors as China say the currency may still dominate
China is unlikely to change the composition of its foreign- currency reserves any time soon
The Dollar falls as Investors acknowledge that the Fed will keep interest-rates low
The dollar fell against 12 of the 16 major currencies as Dallas Fed President Richard Fisher may today give more details
The Daily Forecaster: GBPUSD
Losses didn’t manage to follow-through yesterday and this has pushed price higher towards the 1.6631-62 highs. Indeed, a test of the 1.6662-80 area does look likely. However, I am aware of the hourly bearish divergences and I really don’t think we’ll get a powerful follow-through today. Thus, only a break…
Forex and Dow Jones Recommended Levels
EUR/USD Today’s support: - 1.4062 and 1.4028(main), where correction is possible. Break would give 1.3996, where correction also may be. Then follows 1.3983. Break of the latter would result in 1.3967. If a strong impulse, we would see 1.3938. Continuation will give 1.3910.
USD/JPY Consolidating
The pair has formed a descending triangle pattern on the daily chart, with a strong support line at 93.75 and a falling trendline formed from the previous highs. Additional signs of consolidation can be seen from the grouping of the moving averages as the 10, 30, and 100 ema practically…
Daily Technical Analysis
The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.3982 but closed higher at 1.4080. On h4 chart below we still have valid trendline support and as long as the trendline support hold, the key resistance level 1.4176 area remains potential upside target. The bias…