In the below image, we put a EUR/USD 30 minute chart overlaid with our standard Bollinger Bands (”BB”). We see higher lows for [...]
Short Term Trade Idea - Long EUR/USD
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Darling, Mandelson stay
The two posts that matter to the market , Chancellor and Business secretary, the post created for Peter Mandelson, are retained by their present holders in PM Brown’s new cabinet. Purchasing green bananas for the office canteen is not recommended for any of the Labour government. Cable trades...
Oh no! Another Canadian election?
I doubt it. Canadian voters have been to the polls more than the Italians in recent years and have very little appetite for a return trip. Nonetheless, the Liberals are threathening to bring down the Tories unless they relent to demands for amended jobless benefits. Just one more layer of risk,...
November 2009 issue of Currency Trader magazine is out
Hello there. I’m not sure how many of you read or have heard about Currency Trader Magazine, but I’d like nonetheless like to let you all know that their November issue is now out and available for download. By the way, I’m in no way associated with the company that publishes this...
Greek Woes Snap 5 Week Rally
U.S. stocks fell, snapping a five- week-rally for the S & P 500. This happening amid concern that the plans to help Greece avoid default...
USDCHF remains in downtrend
USDCHF remains in downtrend from 0.9594, the price action from 0.9114 is treated as consolidation of downtrend. Another fall towards 0.8900 is...