By Fast Brokers - Gold retested our 2nd tier downtrend line yesterday, yet failed to close above on our 4-hour chart...
Gold Bounces Between our 1st and 2nd Tier Downtrend Lines
Source: feedproxy.google.com
Read more...
EURUSD traded in a narrow range
After breaking below 1.3585 previous low, EURUSD traded in a narrow range. Deeper decline is still in favor and next target would...
BOE economist Dale: Inflation targeting needs tweaks
Inflation targeting should be retained but enhanced, says Bank of England economist Dale. As it is currently operated, inflation targeting is insufficient. Robotic inflation targets proved very poor monetary policy mechanism a year ago as inflation ramped higher and economic growth collapsed...
Do you really need the Forex Income Engine 2.0? (video)
This is just a courtesy notice to remind you to check out Bill Poulos’s brand new, complimentary “Flexible Forex” training videos… -they reveal how he and a small group of his students have been enjoying all the recent volatility in the Forex markets caused by otherwise...
Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...
Bank of England Adds 75 billion to Quantitative Easing Program
The Bank of England (BoE) held the Bank Rate at a record low stimulatory level of 0.50%. However the BoE did announce a 75...