Fed Comments Cause a Disproportional Stir in USD

FX markets continue with their choppy, noncommittal trading pattern. But as investors concerns ease and EU spreads tighten significantly, markets are leaning towards selling USD (interestingly not case with other safe-have FX trades like JPY and CHF) and buying of risky assets. But given that summer trading pattern is in full effect, we are seeing a variety of…

Friday Look Ahead: Markets End a Hot July Looking in the Rear View Mirror at Q2 GDP

Stocks head into the final day of July with the best monthly gain in a year, yet July’s hot performance has only sparked debate about what August will bring.

A P&F triple bottom break for Whirlpool

Whirlpool (WHR) came across the
triple bottom break scan
. The stock is in a clear downtrend with lower lows and lower highs since May. WHR broke triple bottom support twice in the next few days and the downside price objective is 74. This objected is based on traditional P&F counts.


100730whr


Click this image for details

Forex news