Wednesday June 24 - US Fed Reserve Announcement @ 2:15 pm EST. Expect statement on Fed’s Quantitative Easing Program. No expected change [...]
US Data Events - Week of June 21 - 26
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Mexican brewer Modelo says cancels FOREX coverage
MX), which makes Corona beer, said it had been using the FOREX instruments to shield it from sharp fluctuations of the peso against the dollar. ... See all stories on this...
Bank of Cape Verde Raises Rate 150bps to 5.75%
The Banco de Cabo Verde (Bank of Cape Verde) increased its minimum cash availability ratio (DMC) by 200 basis points to 18.00% from 16.00%, and...
The Forex Income Engine 2.0 is LIVE
(Be sure to read this post because it gives you access to a brand new Forex method that ‘flip flops’ the approach most people take… …and shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that’s being created by the...
Blow-off top and bottom in less than 24 hours
Blow-off might be a bit strong, but looking at 5 minute bars, we got these sort of mini blow-offs yesterday as the market ran stops above 1.4150 and this morning below 1.3940. We are now consolidating around the 38.2% retracement of the drop from 1.4177 to 1.3934. It only seems like poetic justice...
Minor technical support at 133.30 in EUR/JPY
The fall in USD/JPY (96.70 at time of writing) shows no sign of letting up and EUR/JPY has fallen to 133.30, which was a series of previous highs which should now offer some minor support. Below here, and we look set for a big fall to the major trendline at...