Source: ForexYard As expected the Bank of England left its interest rate unchanged and did not add to its quantitative easing (QE) program today. The...
Central Bank Interest Rate Results
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USD Index in a Triangle
Recent activity has formed a triangle pattern on daily USD-Index charts. Major support is around 79.20; resistance at 81.35. A break through either level should allow follow-through and let the market continue in the direction of the break. Although – due to summer doldrums – we could...
Bank of Mauritius Holds Repo Rate at 5.50%
The Bank of Mauritius held its benchmark interest rate unchanged at 5.50%. The bank said it “noted that global...
FX market in choppy consolidation
The USD is maintaining its gains from Friday night and it seems to have the momentum on its side at the moment. We may have to wait for Europe to come in before we see any major moves as Asia is doing it’s usual consolidation. The most likely big move would be if USD/JPY can break...
Forex Trading - should you invest? Interesting Points to Know ...
Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references ... MOCDS Personal Blog -...
China and the Fed will tame Obama spending
Barack Obama might finally have met his match. Irwin Stelzer in the Sunday...