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There apparently is something about building pipelines that causes otherwise rational oilmen to indulge in reveries that would give an opium addict pause.

US Markets Rallied Ahead of Thanksgiving!

Posted by lytman02 on November 25th, 2010

The US equities and bonds markets bounced back yesterday following the release of several encouraging economic reports. The rally in the markets occurred a day after a sell-off occurred due to the recent military conflict between North and South Korea.

North Korea Aids the US Dollar

Posted by lytman02 on November 24th, 2010

Anyeonghaseyo! The present political and military conditions particularly in the orient are very shaky given the recent artillery attack to South Korea by its neighbor up north. Yesterday (November 23), the world, especially South Korea, was caught off guard when NoKor bombarded Yeonpyeong Island with artillery shells, killing at least 2 and hurting dozens.

Here’s an update of the EURUSD chart that I posted last May 21, 2010 (click here for my previous post). As you can see, the pair indeed met some resistance at the psychological 1.2600 marker which apparently was also the 50% Fibonacci retracement level of the most recent down-wave. After failing to rally above 1.2600, the pair has sunk and is now trading just above the support at 1.2200.

Here’s an update of the EURUSD chart that I posted last May 21, 2010 (click here for my previous post). As you can see, the pair indeed met some resistance at the psychological 1.2600 marker which apparently was also the 50% Fibonacci retracement level of the most recent down-wave. After failing to rally above 1.2600, the pair has sunk and is now trading just above the support at 1.2200.

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