USDCAD broke above 1.0340 key resistance, suggesting that a cycle bottom had been formed at 1.0247 level on 4-hour chart. Now the rise from 1.0247 is...
USDCAD broke above 1.0340 key resistance
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US: Don’t rely on US
The various finance ministries are giving background briefings in the run-up to the G7 meeting this weekend. A US Treasury official is on the wires saying the world can’t rely on the US consumer to fuel a recovery. The world is not out of crisis yet and there is still much work to be done....
Chrysler sale to Fiat group gets Supreme Court go-ahead
This sale had been delayed as various interested parties took action in the Supreme Court but the deal is now set to be...
Brazil Unexpectedly Slashes Interest Rates
In an age where central bankers are attempting to increase transparency in the policy making decision process the Brazilian central bank gave a...
And yet another Forex Ponzi scheme! This time targeting Korean ...
I'm constantly trying to warn naive (and sometimes the most sophisticated) investors that people promising unthinkable returns but refusing to disclose all ... See all stories on this...
EUR/USD technicals: trend still bullish
The move from 1.4340 to 1.3800 can be considered a completed retracement and the market is gearing for the next push higher. The subsequent bounce from 1.3800 to 1.4180 has also completed a retracement, 61.8% in this case to 1.3950, and this level is now expected to be the base for the next push...