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Cable triggers stops
Well didn’t take long. Cable has duly triggered stops below 1.6650 reaching a session low 1.6621 fairly quickly. I think I misjudged things a little, this looks like general sterling weakness rather than just cable pressure. From here, technical supports for cable 1.6620 and 1.6600. EUR/GBP...
What Kind Of Trader Are you?
Just a very unscientific poll. Do you Scalp?(vote 1) Daytrade? (vote 2) Swing? (vote 3) Position? (vote 4) Hybrid-schizo? (all types of trading) (vote...
Forex news: dollar slips vs majors on Asian stocks increase
Thursday, during early Asian deals US currency lost ground against its main rivals as gains in Asian stocks boosted investors to turn toward higher-yielding assets. Asian shares edged up today as investors continued to favor riskier assets on further signs that the global economy is picking up,...
US Federal Reserve Keeps Policy Settings Unchanged
The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and made no other changes to...
Beige Book still downbeat; Weak or worsening conditions thorough May
No green shoots to speak of in the Beige Book. Conditions weak or worsened through May Expectations improved but big gains in activity not expected through year-end Labor markets stayed weak Wages falling or flat Residential real estate still weak Retail sales soft credit improved 5 of 12...