USDCHF stays in a falling price channel and remains in downward movement from 1.0898. As long as the channel resistance holds, one more fall towards...
USDCHF stays in a falling price channel
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AUDUSD: Intraday Views
The Break out above 8130 overnight sent AUD above 82c, pretty much as we mentioned it would yesterday. The AUD has been supported by Commodity buying and strong economic data over the last few days. On the day 8130 - 8230 is my range. I have been bullish over the last few days buying on dips but i...
Central Bank of Chile Keeps Rate at 5.25%
The Banco Central de Chile held its monetary policy interest rate unchanged at 5.25%. The Bank noted: “Domestically,...
More on how I know my forex forecasting works.
This is a brief follow-up to the previous post on how I know my forex forecasting works. In that post I disclosed a measurement of a figure of merit I use to monitor the forecasting quality and optimize the algorithm, the figure of merit being the covariance of predicted and actual logarithmic...
Stark: Ignore the negative inflation reports!
Like the good Bundesbanker he was before he ascended to the ECB, Jurgen Stark says that the negative inflation numbers that will be released this summer are of no concern to the ECB. Inflation is the concern and accommodation will be quickly reversed when the economic recovery starts. Following on...
Not happy, Rio!
This article from the English version of the Xinhua newspaper shows just how upset the Chinese are at Rio pulling out of it’s agreed deal. Trust, once lost, is very difficult to regain and there may be wider repercussions for the Australian mining...