The European Central Bank (ECB) held its Main refinancing operations rate unchanged at 1.00%. ECB governor, Mario Draghi, said:...
European Central Bank Holds Rate at 1.00%
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FOREX VIDEO REVIEW: London Session July 8th, 2009
Today we found ourselves hitting support just as the London market opened while were were still in the midst of a solid 4hr/daily downtrend on cable and the yen pairings. While there is no reason to think the downtrend is over, the charts were certainly showing many clues of needing to hit some...
USD still weak as JPY and AUD lead the way
Surprisingly strong consumer confidence numbers are supporting the AUD/USD and flows are affecting USD/JPY as the weakness in the USD from overnight shows signs of continuing. There is talk of some decent selling interest in the EUR/USD at 1.4100 but trailing stops are also said to be increasing...
EUR/JPY technicals
Initial resistance is at 137.30, yesterdays highs with Fibos at 137.44 and 86 above there. Support is at 136.35 and 135.65. Hourly trend is more or less flat which favours range trading though a 5-wave count from the 139.20 spike high is a bearish...
FOREX VIDEO - Pre London Outlook September 8th 2009
Hey everyone, good to be back after a long weekend. Labor Day typically signals the end of summer and more importantly “summerish” trading conditions. For this outlook video I take a look at the Euro and Pound USD. Euro has been showing some good relative strength lately and conversely Pound...
Investing in Palladium
Palladium Demand Up 40% in Two Years I relish in the rare and undiscovered. Unsung musicians, obscure texts, the cryptic myths of...