By FX-Forecaster | June 16th, 2009 1:22 am The underlying direction is bullish while the daily bias is bearish. Therefore it is likely that any losses are ...
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Forex Daily Forecast for USD/CHF - June 16, 2009
Source: forexdistrict.com
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I’m reducing my long USD/CHF position
I have been in the money on this trade for a total of about 11 minutes and that is starting to grate. EUR/CHF is grinding lower and everyone I know is either long or square EUR/CHF, which is a bit of a worry. With cable and AUD/USD showing no signs of backing off, I’m reducing this position...
USDCHF stays above a rising trend line
USDCHF stays above a rising trend line on 4-hour chart. As long as the trend line support holds, uptrend could be expected to continue and...
Bank of Mozambique Holds Interest Rate at 15.00%
The Bank of Mozambique held its standing facility lending interest rate unchanged at 15.00%. The Bank also held the required...
The USD Recovers after US Consumer Confidence Falls
The U.S. dollar gained versus the EUR but extended losses against the Japanese yen on Friday after the U.S. consumer sentiment index unexpectedly declined in early August. The data pushed U.S. stocks lower, aiding the Dollar which has tended for months to move in the opposite direction as equities...
FOREX VIDEO - London Session Review - August 25, 2009
As the pre-London session ended today, and we ere taking profit on our GBP/USD and GBP/JPY shorts at support, our attention quickly turned to the London Open. Here we are yet again, at support on these two pairs Right as the London market opens. I prefer to not counter trend, but when you find...