Undercapitalised domestic companies are struggling to achieve the productivity needed to offset rises in the currency, which hit a record high against the euro
Undercapitalised domestic companies are struggling to achieve the productivity needed to offset rises in the currency, which hit a record high against the euro
Being contained by the support of the price channel, USDCHF rebounded from 1.0111. The pair might be forming a cycle bottom on daily chart. Further rise to test 1.0539 previous high resistance is still possible in next several days, a break of this level will confirm the cycle bottom and signal resumption of long term up trend. For long term analysis, USDCHF formed a long term cycle top at 1.0623 on weekly chart. Consolidation in a range between 0.9634 and 1.0623 is expected. Up trend will
The rescue of French-Colombian politician Ingrid Betancourt from FARC guerrillas after years in jungle captivity dominated headlines around the world this week. Accompanying these headlines were pictures of her arrival in Bogota. Despite the tough competition from many of the world's press, You Witness contributor Leonardo Suarez provided up close images of Betancourt that supplemented the existing images on the Reuters wire. Leonardo works as a contractor for Reuters in Colombia where he monitors stock trades and provides data support, a far cry from working out in the field as a photographer. Leonardo describes how he came to document this week's top story.
"I went to the airport to bring camera lenses to our photographers who needed to cover the story. I managed to get past security with their help. I brought my Canon 40D camera and 100:400mm 4.5-5.6 lens. I simply took pictures with the photographers as I saw fit. Once I returned to the office, I reviewed the pictures the photographers submitted and sent whatever pictures I had that were not duplicates to Reuters You Witness service. "
To view this week's You Witness slideshow click here.
Gold has hit our target of 940.29, and has since cooled a bit to 931.70. Now support is waiting at 928.06, 922.25, 917.58, and 908.25. If price manages to break above 940.29, then the next targets are currently waiting at 960.10, then 992.14.
For centuries, experts have debated over the secret of the Stradivarius violin's heavenly sound. Now, a new study claims to have solved the mystery of why the 300-year-old instruments are the best in the world.
UK's lifestyle departmental store brand, Debenhams, is planning to set up it's design hub in India, Francis Mcauley, international director, Debenhams told FE.
