The European Central Bank and the Reserve Bank of Australia led central banks that reduced interest rates as the International Monetary Fund cut its forecast for global economic growth to 4 percent for this year and next from prior estimates of 4.3 … 34 Vote(s) Read More Bonds Prove Best Financial Asset for 1st Time [...]
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Last week, the USD saw its worst week in 3 months, as the USD Index fell to its lowest level since the financial crisis of 2008. The main reasons for this USD weakness remains the Fed’s ultra-loose monetary policy, strong risk appetite for commodities which is boosting commodity currencies at Read More This Week in [...]
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The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of December 26th 2009. 5 Vote(s) Read More Technical Analysis, December 28th January 1st
Posted in FX News | Tagged 1st, 28th, analysis, december, january, Technical
The USD/JPY is bouncing between our 1st and 2nd tier uptrend lines as investors digest the latest wave of U.S. econ data. Today’s U.S. data printed negatively mixed once again, with TIC Long-Term Purchases proving to be the only winner. Meanwhile, investors shouldn’t forget that Japan’s Prelim GDP topped expectations by 5 basis points to [...]
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The USD/JPY?s mini-rally is cooling after interacting with our 1st tier downtrend line. The USD/JPY experienced further strength. Read More USD JPY Struggles with our 1st Tier Downtrend Line
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