USDCHF stays below a downtrend line from 1.0624 to 1.0464 and remains in downtrend. As long as the trend line resistance holds, downtrend is expected...
USDCHF stays below a downtrend line
Source: feedproxy.google.com
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USDJPY trades higher
USDJPY has overcome the offers at 97.50-60 to take out small stops above 97.60. Its still looking bid after the morning market seems to have got itself short trying to trigger sub 97.00 stops. Look for an attempt at 98.00 going into...
US net worth slide slows; government debt explodes
As asset prices have fallen, household net worth has fallen dramatically. The slide slowed in the most recent data. It fell to $50.4 trln in Q1 from $51.7 bln in Q4 2008. Mortgage debt was flat but consumer credit fell 3.5% (at an annual rate). Government debt rose at a 23% annual rate in Q1. The...
Ladies and gentleman, we have a winner!!!
And it’s Burt with his forecast of -475k. Well done Burt!!!!! Can you email Jamie at jamie@forexlive.com with your details....
Dukascopy Morning Forex Overview - Sept 02 09
Previous session overview The euro and dollar fell to fresh seven-week lows against the yen in Asia Wednesday as investors wary of further falls in global share prices bought the safe-haven Japanese unit. In morning trade, Japanese institutional investors reacted to an overnight slide in the Dow...
Forex Carry Trade Correlation to CRB Index at Record Highs
The Forex Carry Trade correlation to the Reuters CRB Commodities index is now at its highest in at least 10 years, and it seems that recent recoveries in ... See all stories on this...