USDJPY broke below the rising trend line from 87.37 to 91.25. Deeper decline is expected to test 91.25 key support. A breakdown ...
USDJPY broke below rising trend line
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March performance review for Danica-9am algorithmic system
During the month of March, the third month of live performance, the system kept running on complete autopilot, with no code upgrades or parameter changes. This document consists of a summary section followed by 14 subsections, dedicated to the individual exchange rates tracked by the system. Those...
GBPUSD rebounded from 1.5341
Being contained by 1.5327 support, GBPUSD rebounded from 1.5341, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally...
BOE’s Tucker: Medium term economic outlook highly uncertain
Bank of England Deputy Governor Paul Tucker feels, that while surveys have pointed to some improvement in the economy, the outlook remains highly uncertain and may not clear until late autumn. The official says the market is right to assume the BOE would tighten monetary policy when the inflation...
USDCHF’s bounce extended to 1.0639
USDCHF’s bounce from 1.0394 extended to as high as 1.0639 level. Further rally is still possible later today and target is to test 1.0675...
CHF/JPY and EUR/AUD leading indicator history, 2002-2009
In the screening we conducted last summer using the data set from 2002 to early 2008, CHF/JPY was identified as a leading indicator for EUR/AUD. This time-evolution study confirms that the signal was real, as the fairly robust relationship persisted till the middle of 2007. Around the middle of...