USDCHF dropped sharply from 1.0785

Source: feedproxy.google.com

After breaking below the lower border of the price channel on 4-hour chart, USDCHF dropped sharply from 1.0785, suggesting that a cycle top had been...


Read more...

  • BOE economist Dale: Inflation targeting needs tweaks

    Inflation targeting should be retained but enhanced, says Bank of England economist Dale. As it is currently operated, inflation targeting is insufficient. Robotic inflation targets proved very poor monetary policy mechanism a year ago as inflation ramped higher and economic growth collapsed...

  • JPY crosses getting nervy

    The bears have been having a tough time over the last few months in the JPY crosses but now it’s time for the longs to feel nervous. Trouble ahead for the European banks and heavy selling interest appearing in USD/JPY might be enough in the short term to make long positions re-assess their...

  • Russia's CenterTelecom 2008 profits fall on forex

    MOSCOW, June 3 (Reuters) - Russian fixed-line telecom operator CenterTelecom (CTLK.MM) said on Wednesday its 2008 earnings edged down 2.7 percent on foreign ... See all stories on this...

  • Fed Governor Tarullo singing familiar song

    New Fed governor Tarullo says data suggests the economy is near a bottom and that growth will resume later this year. The recovery will be painfully slow though, he says and unemployment will continue to rise. Sounds familiar, no? EUR/USD has probed back above 1.3900 following in the heels of...

  • China relaxes rules to ease overseas investment

    China’s foreign exchange regulator says it will change some rules to make it easier for Chinese companies to invest...