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EUR/USD Weekly Outlook EUR/USD dived further to as low as 1.2512 but rebounded strongly since then. Such development suggests that decline from 1.4719 has completed with five waves down to 1.2512 and made a short term bottom there. Some more rebound should now be seen, targeting 1.3329 cluster resistance (38.2% retracement of 1.4719... actionforex.comUSD/CHF Weekly Outlook Despite edging higher to 1.1883 last week, Friday's selloff indicates that rise from 1.0366 has completed the five wave structure, ending with a diagonal triangle and a short term top is formed. Some correction should now be seen this week, targeting 1.1313 cluster support (38.2% retracement of 1.0366 to 1.1883... actionforex.comFDIC, regulators shut down Oregon`s Silver Falls Bank SAN FRANCISCO (MarketWatch) -- Silver Falls Bank, of Silverton, Ore., was closed Friday by state regulators and the Federal Deposit Insurance Corporation. It was the 14th bank to fail so far this year and the 39th since the beginning of the current credit crisis. Citizens Bank of Corvallis, Ore. will assume all of the deposits of Silver Falls Bank, the FDIC said. Silver Falls Bank had three branches. As of Feb. 9, the bank had total assets of approximately $131.4 million and total deposits of $116.3 million. Citizens Bank did not pay a premium to acquire the deposits of Silver Falls Bank.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. MarketWatch.comDalai Lama to lead spiritual, motivational events in Canada The Dalai Lama, who is an honorary citizen of Canada, will visit the city of Calgary in September for unique spiritual discourses and motivational events. Big News Network |
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