Posts Tagged ‘background’
Weekly Technical Commentary
Over the last two weeks the Euro’s drop has been bigger than most this year, admittedly against a background of fairly contained FX moves. It is undoubtedly corrective, here and in a whole raft of other major currencies. Therefore we shall be looking for the daily Ichimoku ‘cloud’, combined with…
Alert staff at bank and remittance firm foil kidnap scam
A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.
Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.
In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more
This Week’s Market Outlook
The greenback remains under pressure as the global risk rally continues. Concerns over the US fiscal deficit, the status of the US dollar as the primary global reserve currency, and near zero US interest rates all provide background noise to encourage USD selling, but the real source of USD weakness…



