Thomas Jordan, acting head of Swiss National Bank and thrust into the limelight after his boss’s swift departure, promises to continue radical policies
Jordan vow to continue SNB intervention
Source: www.ft.com
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Central Bank of Dominican Republic Holds Rate at 6.75%
The Central Bank of the Dominican Republic kept its Monetary Policy (Overnight) Rate unchanged at 6.75%, and held the Lombard Rate...
EUR/USD back below 1.39; EUR/GBP weighs
EUR/USD’s rally has been cut short with significant supply in the 1.3900/25 area capping the midday rally. EUR/GBP remains under pressure this afternoon as GBP shorts set up i the last few days are badly squeezed. Today’s GBP rally is surprising given the political disarray in the UK at...
FOREX VIDEO - Pre London Outlook September 2nd 2009
Hey everybody, for this presentation I expand on yesterday’s Euro Pound analysis and then use this information to explore some trade opportunities for the Euro USD and Euro Yen. This is some very simple technical analysis to follow, basic price action, fibs and a trend following trade plan for...
EUR/USD dips below Thursday’s low but no follow-through
EUR/USD is recovering from a dip to the high 1.3930s, just low enough to trigger stops perched below the lows posted after yesterday’s jobless claims and retail sales data. Having shaken out more longs, what’s a market to do> rebound, of course! Now we’re back up to 1.3970,...
USD Weakens against the JYN
By the end of Monday’s trading session, the USD dollar fell back from it’s 9 month high reached on Friday, seemingly forex traders happy to realize profits after 8% over the last months trading. The USD fell against the JYN by approx 0.6% close at 81.31 yen, this representing a...