In the past week we saw some weak economic data from the US, but ‘weak’ isn’t a bad thing, putting it in the context of a country (which is the US) that is facing a big crisis in many decades. The more important thing is that last week’s data relating to GDP, durable goods orders [...]
EUROThe euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5550 level and was supported around the $1.5460 level. Technically, today’s intraday low was just above the 23.6% retracement of the move from $1.6020 to $1.5280. The common currency gained ground after it was reported that [...]
Dell Inc. (DELL: 23.06 +1.25 +5.73%) reported a solid first quarter with earnings of $.38 per share on $16.08 billion in revenue. The results beat Wall Street estimates of $.34 EPS and $15.68 billion in sales. This is positive news for a company that has struggled greatly in the last few years, and could be [...]