The American economy is losing power. The housing market has started to show cracks and businesses are warning they might fire workers as they attempt to defend profit margins. Quite frankly, history suggests that avoiding a recession would be a miracle. The good news is that recession doesn’t always mean Armageddon – it could be […]
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Anyone who has been on a plane in the last decade or so knows that flying is not exactly the most pleasant experience — and that’s putting it mildly. Between shrinking legroom, new fees constantly Read more…
USDJPY continues to descend for the fifth consecutive day, after a double upside rejection and a bull-trap at 148.49 Fibo barrier (76.4% of 151.15/139.88) contributed to the change of direction. Weaker dollar (which acted as Read more…
Cable jumped around a hundred pips on Monday morning, lifted by weaker dollar on surprise US credit rating downgrade and the latest EU/UK agreement on defense. Fresh advance attempts to break above three-day congestion that Read more…