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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Weber: ECB to absorb excess liquidity as quickly as possible
No surprise here: the president of the Bundesbank says that the ECB will absorb the excess liquidity it has created quickly, saying the measures that bank used allow for easy reversal. He does see some signs that the intensity of the downturn is subsiding though the crisis will put strain on global...
Another UK Minister resigns
John Hutton is now the fourth member of the UK cabinet to resign this week, but instead of knifing Prime Minister Gordon Brown in the back, he’s declared that the move was purely for “family reasons” Elsewhere, early results in the European election are showing, as expected, a...
GBP/USD Makes a Solid Push Back Above 1.60
By Fast Brokers - The Cable has propelled from our 3rd tier uptrend line to make a solid run past the psychological...
FOREX VIDEO - New York Session Review - Sept 29, 2009
After rising during the early portion of today’s London session, the U.S. dollar index reached an area which has been historically significant over the past couple of years. From that point forward, the dollar basically remained flat against the euro through the London close. Although there...
Risk sentiment helped by reports 10 US banks to repay TARP
Reports that the US Treasury is preparing to announce today that it will let 10 US banks buy back government shares is helping boost risk appetite, which is benefitting likes of euro, sterling, aussie and canadian...