USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of...
USDCHF traded in a narrow range
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Dallas Live Forex Event in November
For all of you who love live trading seminars, there is one scheduled on November 7 – 8, 2009 in Dallas, Texas hosted by TradingMetro partner, The Institute of Higher Earning (IOHE). It is planned to be a comprehensive seminar with live instruction by IOHE Founder Gordon Philips. It includes 12...
Now we are all just waiting for the FED
The Non Farm Payroll data from Friday has left the FED boxed in a corner, with world markets now waiting for the inevitable introduction of a further round of quantitative easing, now referred to as QE2. With the US, Canada, and Japan closed today for public holiday's, the forex markets have had...
Risk appetite weighs on dollar
The dollar came under renewed pressure this week as a series of policy decisions from the world’s leading central banks boosted investor confidence over the prospects for the global economy. Risk appetite was lifted after the Federal Reserve’s meeting on Wednesday as the central bank...
Geithner/ Yosano meet in Italy
A day after his warm endorsement of US Treasuries. Japanese finance minister Yosano is meeting with Treasury Secretary Geithner. So far the only headline is that they’ve agreed on the need for stiff sanctions on North Korea. Any further comments are likely to be dollar bullish as Yosano is...
Treasury yields lower ahead of auction
Despite a 30-year Treasury auction (results due at the top of the hour), US yields are slightly lower on the day. 10-year notes, the market benchmark, are yielding 3.93%, down from 4.00% after upbeat retail sales and jobless claims reports. Usually rates rise ahead of auctions as primary dealers...