USDCHF broke below 1.0715 support, suggesting that lengthier consolidation of uptrend from 1.0132 is underway. Range trading is expected in 1.0608...
USDCHF broke below 1.0715 support
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BOE exit strategy: raise rates, sell assets or both
Bank of England chief economist Dale says the BOE exit strategy from its super-easy monetary policy is likely to consist of a combination of raising rates and selling assets. Pretty straight-forward, really. Also crossing the wires is news from Germany that its tax take has fallen 7.1% y/y in May....
Euro Tumbles Following Ratings Downgrade
Source: ForexYard The combination of a worse than expected Italian debt auction and the credit downgrading of several euro-zone countries on...
I’m glad ForexLive paid back its TARP loan…
Man, if we hadn’t returned out $14 trln TARP loan, Tim Geithner would be trying to cap my $4 quadrillion...
Graphical analysis of trading system's simulated track record. Step Two algorithm, AUD/USD.
This AUD/USD back-testing analysis concludes the series which began with EUR/USD. Simulated track records of six best Step Two algorithmic traders are studied graphically. For a more numbers-oriented approach to performance, see the article explaining the trading system optimization process which...
10 US banks to be allowed to repay TARP
Bloomberg is reporting that the US Treasury will announce later today that some of the largest US banks will be able to buy back shares which they had to sell to the government as part of...