EURUSD breaks below 1.3267 previous low, suggesting that the long term downtrend from 1.5144 (Nov 25, 2009 low) has resumed. Deeper decline is still...
EURUSD breaks below 1.3267 previous low
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Fed’s Fisher declares victory
Dallas Fed president Richard Fisher, perhaps the most hawkish member of the Fed, says the it has succeeded in pulling the economy back from the brink. The Fed is seeing results in the credit markets and that the banks are becoming less dependent on the Fed. Consumer confidence is recovering and...
EUR/GBP support still in place
Important technical support at .8490 held firm overnight despite a marginal break below. Stubborn longs should now consider reducing or scrapping their positions on a clean break below .8475 as there is daylight until .8200/50 and market chatter is that there are some big stops on the .84 handle....
Kiwi Spikes Up To New Multi-day High Of 1.2568 Versus Aussie
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More on how I know my forex forecasting works.
This is a brief follow-up to the previous post on how I know my forex forecasting works. In that post I disclosed a measurement of a figure of merit I use to monitor the forecasting quality and optimize the algorithm, the figure of merit being the covariance of predicted and actual logarithmic...
WORLD FOREX: Dollar Mixed Ahead Of Payrolls, Pound Suffers
By Gary Stride Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The dollar is mixed in light trade Friday with most players keeping to the sidelines ahead of the ... See all stories on this...