Morning all. I guess I happiest when I’m short CHF. I’m initiating a long USD/CHF position which I will hopefully build between 1.0750 and 1.0820 with a profit target at 1.1450. I will give up below 1.0570. Citibank technicals issued a sell NZD/JPY strategy overnight as they see the green shoots trade faltering. Resistance in EUR/JPY at 137.30 still holding. Yesterday I heard there was good buying interest in USD/JPY around the present 97.25 level. Good luck today.
I’m going long USD/CHF
Source: www.forexlive.com
Read more...
Forecasting optimization: an overlooked parameter fix improves quality while "efficient market" Monte Carlo supports the results.
Following up on the topic of our forex prediction quality measurements, I've decided to conduct the same analysis on the simulated data, unpredictable by construction. As before, I am tracing the dependence of the Pearson correlation coefficients between predicted and actual logarithmic returns in...
Easy 100 Pips In The Euro Against The US Dollar!
Good day forexers! In my technical analysis, there could be a symmetrical triangle forming in the 1-hour chart of the Euro versus the US...
Usd/Jpy comes under renewed pressure
Usd/Jpy is attracting some selling interest currently, with 98.45 capping this morning’s rally, attention is now turning to the downside. US Yields are little changed from yesterday, a tad lower if anything, but Traders are looking to probe some sell stops located in the 97.75/80 area. Note...
BOE exit strategy: raise rates, sell assets or both
Bank of England chief economist Dale says the BOE exit strategy from its super-easy monetary policy is likely to consist of a combination of raising rates and selling assets. Pretty straight-forward, really. Also crossing the wires is news from Germany that its tax take has fallen 7.1% y/y in May....
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...