Posts Tagged ‘Resistance’

Buy Franc Amid Dollar Rallies, BNP Says: Technical Analysis

(Bloomberg) — Investors should sell the U.S. dollar against the Swiss franc amid greenback rallies with price charts showing the U.S. currency’s rise from its November low may be coming to an end, BNP Paribas SA said.The dollar’s 7.6 percent increase met resistance at 1.0795 versus the franc on Feb.

Click to continue reading

Geithner reportedly abandons push to merge SEC, CFTC

Treasury Secretary Timothy Geithner convinced lawmakers at a dinner that he will not push for a merger of the Commodity Futures Trading Commission and the Securities and Exchange Commission, sources said. The proposal already faces opposition in Congress, with Barney Frank, chairman of the House Financial Services Committee, saying resistance from “entrenched interests” makes the go impossible.more athttp://www.bloomberg.com/apps/news?pid=20601208&sid=aKcPdR439oFs&refer=finance

Sponsors: