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Online Forex Trading - youssef mzaoui's blog

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• USD/JPY touch firmer; buy, sell, stop orders noted

  USD/JPY is marginally firmer this morning, in subdued trade, presently at 90.20 from an early 90.00. European stocks are a little above water, while oil is up just over half a buck, with general risk appetite in marginally better shape than at the tail end of last week. This calming of risk...

• Monetary Policy Week in Review – 10 March 2012

  The past week in monetary policy and central banking saw just one central bank change interest rates, with Brazil cutting rates 75 basis points...

• Fundamental Outlook at 1400 GMT (EDT + 0400)

  By GCI Financial - The euro moved sharply lowervis-à-vis the U.S. dollar today as the single currency tested offers around the...

• Public holiday in Australia should ensure quiet session for AUD

  I have heard of some stop-losses building below .7875 in the AUD/USD but with Australia closed for a public holiday, these will probably be safe until Europe step in. An interim top now looks to be in place at .8250 and the first big technical support level is a 38.2% pullback at...

• Ken Lewis being beaten like a drum

  Poor Ken Lewis, CEO of Bank of America, is in the unenviable position of having to defend himself from charges that he was either an idiot for not anticipating Merrill Lynch’s losses prior to late December, shortly before the deal was set to close or he was pressured into the closing the deal...