FX Weekly market update: Market Week Wrap-up – Markets opened on Monday in a wary mood as uncertainty over Europe’s Greece trap persisted and financial names headed lower on speculation about a harsher US financial reform bill. Fears of debt crisis contagion metastasized midweek on a trio of S&P sovereign downgrades, as the firm cut [...]

EURUSD: Our outlook for EUR remains for further move towards the 1.3414 level having failed to hold below the 1.3200 level and rallied higher for the third consecutive day. As highlighted in our previous analysis, a hold below the 1.3200 level is very crucial for the continuation of EUR’s medium term weakness. That failure has [...]

AP – Stocks ended April with a big loss Friday on disappointment with two economic reports and worries about a criminal investigation of Goldman Sachs. Related Reading:Trading Earnings: Know Your Collective Brands, Inc. (PSS) OptionsSector Selector: Looking Down the EdgeStock Market Trends: A Week for AnswersTrading Earnings: is Advance Auto Parts Ready to Advance?Trading Ideas: [...]

Gary Gordon submits: Today, we’re looking at a 14-month cyclical bull. Yet, how did we get here, and… where might we be going? Early leadership came from the financial, materials and tech sectors. Federal intervention helped stabilize a collapsing banking system, while worldwide demand from government stimulus projects bolstered resources-related companies. Not to be outdone, [...]

Tom Lydon submits: Whether you’re a bear or a bull, the S&P 500 is one of the best indicators of the state of our economy. Regardless of your views, there are several S&P 500 exchange traded funds that can help accomplish different goals. There is no telling what the markets are going to do next. [...]