Forex traders have plenty of volatility to work with this year as the Fed continues to try to postpone the inevitable. By acting so aggressively to prevent a.Karmsundbk.com - http://karmsundbk.com/
Forex Market Extreme Volatility to Continue | Karmsundbk.com
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USDCHF broke above the downtrend line from 1.0624 to 1.0464
USDCHF broke above the downtrend line from 1.0624 to 1.0464, suggesting that a cycle bottom is being formed at 1.0257 on 4-hour chart. Key...
EUR/USD extends losses
The aforementioned buy orders helped slow the decline in EUR/USD for awhile, but didn’t manage to stop it. We’re presently at 1.3875. Technical support now at 1.3845/50. Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states...
Swiss KOF institute cuts 2009/2010 growth forecasts
The KOF Swiss Economic Institute has slashed it’s growth forecasts for the Swiss economy. The economy is now seen contracting -3.3% in 2009 from previous forecast of -2.4%, and contracting -0.6% in 2010 from previous -0.3%. The insititute warns that “the Swiss economy is in a long...
GBPUSD breaks below 1.4784 previous low
GBPUSD breaks below 1.4784 previous low and reaches as low as 1.4475, suggesting that the downtrend from 1.7042 has resumed. Deeper decline is...
“Real-Forex” market review
**For the traders who entered the transaction suggested for the EUR/CAD, the pair reached the first degree for a “Take Profit”, at...