USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be...
USDCHF breaks above downward trend line
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Asian forex market wrap
Japanese current account surplus for April -53.4% YoY against expected -39% Centre-right parties the big winners in European parliament elections Top Chinese banker calls for US help in the development of Yuan debt markets Sterling loses ground on the crosses after a very poor showing by...
US upping the ante with North Korea
It looks like the Obama administration is losing patience fast with North Korea and it is looking for help from an unlikely source,...
Pimco all over the wires, talking their book
El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect. US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week...
EUR/USD Short Term Trading Idea - Technical Analysis
EUR/USD has created one of our favored chart patterns. In the below 30 minute timeframe chart, EUR/USD has created a false break out (See...
Regional stockmarkets lose ground
The Taiwanese exchange is down over 3%, the Kospi is down over 1% and all other exchanges are down by between 0.25%/0.5% on a day dominated by risk aversion related to geo-political events in Iran and North Korea. The oil price dipped back below $72/bbl as fears of another economic slowdown...