The disagreement among the 24-member board on the currency weakens the pressure on China further to revalue the renminbi after it abandoned its peg to the dollar
IMF staff and board split on renminbi
Source: www.ft.com
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Long Term Chart - Gold at Important Level
We have overlaid the below chart of daily price action in spot Gold with our favorite Bollinger Band (”BB”) settings. Within an...
FOREX VIDEO - Pre London Outlook September 10th 2009
Hey everyone. It’s been a while since we found ourselves in a trend of any sort and sometimes it can become challenging to keep all the different timeframes in context with each other. It’s very possible to have bearish days in a bullish trend, bearing this in mind I take some inventory for the...
Greenback Slips After Posting Its Largest 1 Day Gain
By ForexYard - The currency market is focusing on U.S. short-term Interest Rates as talk of a rate...
New York forex wrap-up; Dollar holds gains but not all
Fed unlikely to add to Treasury purchases, slow pace of existing program: WSJ Trichet: High level of uncertainty remains; prudent on economic outlook US import prices rise 1.3% in May, down 17.6% y/y BOE’s Dale: Inflation targeting should be “enhanced” German tax revenue falls...
Belgian Central Bank issues negative forecasts
Obviously all is not well in the state of Belgium. The Belgian central bank has; cut the GDP growth forecast for 2009 to -3.5% from -1.9%, which would be the worst on record sees a 2009 budget deficit of 5.5% of GDP sees a short period of negative inflation this year and has lowered the annual...