Banks

$772,000 net income, or $0.13 per Share, in 2Q15 From 1Q15 State Bank Corp. (OTCQB:SBAZ), the holding company for Mohave State Bank, today announced net income increased 13.4% to $772,000, or $0.13 per diluted share, for the second quarter ended June 30, 2015, compared to $681,000, or $0.12 per diluted share, in the first quarter […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish Although the dominant bias is bearish, this pair made some commendable bullish attempts last week. Price moved upwards by almost 200 pips, testing the resistance line at 1.1000. That resistance line is an important price area, since it must be broken to the upside […]

“Nobody can predict the future. A Harvard PhD and a high school dropout have equal skills at prophecy.” – James Altucher It’s no longer a secret that Forex market is the biggest and the fastest-growing market in the world. It’s also not a secret that majority of Forex traders end up sustaining negativity, simply because […]

You’ve just got to know that something is terrible wrong when eight top executives quit a company and its share price goes up. That’s exactly what happened at Toshiba (TSE:6502) today. And, yes, there was something terribly wrong – $1.22 billion wrong. While Reuters called it Japan’s “biggest accounting scandal in years,” Fortune magazine called it […]

Also reporting Six Month Net Income Increased 55% Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported increased second quarter and year-to-date earnings. Major contributing factors included strong loan growth, increased deposits and improved credit quality. Both commercial and consumer lending were up; with over ten percent growth in residential mortgages year-to-date...

EUR/USD: The EUR/USD dropped by 280 pips last week, closing below the resistance line at 1.0850. The next targets for the bears are located around the support lines at 1.0800 and 1.0750. The recalcitrant resistance lines at 1.0950 and 1.0900 were successfully broken by the bears and thus, they might resist any rally attempts this […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD dropped by 280 pips last week, going below the resistance lines at 1.0950 and 1.0900. The resistance line at 1.0900 (and of course the resistance line at 1.0900) was an adamant obstacle to bears’ interest. Now that the obstacle has been overcome, the […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 9 “The best strategy loses its effectiveness when you trade from a place of fear.” – Mercedes Oestermann van Essen Name: Lawrence D. Hite Nationality: American Profession: Funds manager, trading systems developer, philanthropist Career: Larry Hite is an award-winning funds manager who’s one of the forefathers […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards in the first few days of last week, challenging the support line at 1.0950. From that support line, price went upwards by 250 pips, reaching the resistance line at 1.1200. The upward movement has been a threat to the existing […]

“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]