USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114 and...
USDCHF stays in a downward price channel
Source: feedproxy.google.com
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China May Consumer Prices -1.4%, Producer Prices -7.2%
China’s consumer prices fell 1.4% yoy in May, the fourth consecutive month of deflation. Expectations were for a fall of 1.3%. China’s producer prices fell 7.2% in the year to May, much greater than the forecast of 6.8%. However most economists are relaxed about the fall, seeing it as a...
Markets Begin to Recover from Greek Referendum Surprise
Source: ForexYard Markets this morning are in a much calmer state a day after the announcement of the Greek referendum but the tepid recovery...
I’m going long USD/CHF
Morning all. I guess I happiest when I’m short CHF. I’m initiating a long USD/CHF position which I will hopefully build between 1.0750 and 1.0820 with a profit target at 1.1450. I will give up below 1.0570. Citibank technicals issued a sell NZD/JPY strategy overnight as they see the...
Earnings Roundup: 3M, Caterpillar
3M (MMM) announced higher than expected quarterly earnings due to strong demand from industrial and transport markets that was able to offset...
FOREX VIDEO - European Outlook October 30th 2009
Hey Everyone, for this rather lengthy video I take a look at a basket of Yens including the USD Yen, Aussie Yen and Euro Yen. In addition to these Yen related pairs I also take a look at the Kiwi Dollar and Cable. Some reasonably involved analysis for a few pairs. I hope you enjoy the presentation...