EUR/USD dropped today as low as 1.3074, but surged after FOMC announced that interest rates remain at their record low levels. EUR/USD trades currently at 1.3211. Nonfarm productivity preliminary report showed today the decrease by a 0.9% annual rate in the second quarter of 2010, following the growth by 3.9% in the first quarter.…
EUR/USD Surged After FOMC Kept Interest Rates Near Zero
Source: www.earnforex.com
Read more...
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...
GBPUSD has reached lower boundary of price channel
GBPUSD has reached the lower boundary of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5240...
Strong Sell Signal - EUR/USD - June 12th 2009
There is a very strong bearish sell signal on the Eur/Usd as shown in the following chart: EURUSD Signal Source: Tradign...
AUD/USD firming; China notable buyer
AUD/USD is making good ground early, presently up at .8090 from around .8045. Aussie is benefitting from decent risk appetite, firming commodity prices, and the overnight release of impressive consumer confidence data. Sources report China has been an aggressive buyer of the pairing. Technical...
AUDUSD rebounded from 0.9223
Being contained by the lower boundary of the price channel on 4-hour chart, AUDUSD rebounded from 0.9223 level. Range trading between 0.9222...