(RTTNews) - Eurozone retail sales dropped more than expected in May as fears of rising unemployment dampened households’ spending intentions. Retail sales fell 0.4% month-on-moth in May following a revised increase of 0.1% in April, data released by the Eurostat showed Friday. Meanwhile, economists had expected a drop of just 0.1%. Compared to the ...

July 3rd, 2009 - The GBPUSD broke below trendline support yesterday and has been able to stay below the level today.  The trendline has provided support on 4 separate occassions during GBPUSD’s move higher from the April 22nd low of 1.4396 to the high reached June 30th at 1.6743. The trendline was broken at the 1.6435 level ...
Author: Greg Michalowski