On Wednesday, the Office for National Statistics (ONS) revealed that the UK economy contracted by 0.2 percent for the final quarter of 2011....
Recession Fears Could Delay UK Deficit Reduction Plans
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Optimizing the forex trading system parameters: GBP/USD
This is the fourth report in the series of forex trading system optimization reports for the individual currency pairs, traded on the day scale, which began with AUD/JPY. In the algorithm, the forecast signal whose nature will not be disclosed is fed into the money management framework driven by...
Dollar continues across-the-board slide
Risk-loving investors have turned oil prices and equities higher, putting the reflation trade back on track. The combination of an improving US (and global) economy is helping lift spirits but not the dollar. US debt levels will balloon in the near-term no matter what the economy does and will...
USDJPY broke below 88.00 key support
USDJPY broke below 88.00 key support, suggesting that a cycle top has been formed at 89.15 level on 4-hour chart. Now the fall from 89.15 is...
Usd/Cad reverses early rally
Here’s a good one, Canadian payroll data is worse than expected while US data massively trumps consensus, which shows us the sell USD reflation trade is still on. With commodities also enjoying a huge lift from the payrolls the Loony is a major beneficiary, currently at 1.0983 after hitting...
1.3930 Fibo support under threat in EUR/USD
EUR/USD continues its slide, nearing 1.3930, the 61.8% rtetracement of the 1.3800/1.4145 rally. A break suggests price could dip back to the key support level at 1.3800. Oil is giving back some of its gains after proving more resilient than the other commodity markets this afternoon. Crude is at...