Apologies for the slight break in transmission, suffered some minor technical difficulties. Not much has luckily happened in the interim although the s/t model signal isn’t looking too good with EUR/JPY drifting lower, currently at 136.85. Maybe we should use them as a reverse indicator and put a bid in where their stop-loss is. Harsh but possibly fair.
Obviously the model is still out of form!
Source: www.forexlive.com
Read more...
Dudley: No more Treasury buys needed if yield rise due to economic optimism
The Economist has an interview with NY Fed chief Bill Dudley. He says that if US yields are rising for the right reasons, the Fed won’t have to keep buying (or add to its $300 bln announced intentions) Treasuries. The dollar has continued its comback on the remarks which can be found here. To...
Weekly Forex Market Followup (September 19th – September 23rd 2011)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events for the Week of September 19th through September 23rd The following table lists the key economic data and other events that came out during the week of September 19th through September 23rd, with release times displayed for the GMT time...
America Movil: Improved Forex Should Boost Earnings
Last quarter, net income was up 18.7% despite an unfavorable forex of 2.4 billion Mexican pesos (that's a lot of pesos). AMX brings its revenues from all ... See all stories on this...
FOREX VIDEO - New York Session Review - November 18, 2009
Lower than normal volatility was the norm during today’s New York session for currencies and U.S. equity indexes alike. However, there were still opportunities to realize profit in the foreign exchange market. For example, a long trade setup on the EUR/USD currency pair produced between 15 to...
EUR/JPY still under pressure
Not much respite so far for the cross, currently down at 136.15. Dealers tell me that there are lots of stops on the 135 handle, particularly under 135.20, if the fall continues. USD/JPY bids are reported at 97.25/50 but that’s a ways off...