The crowed reflation trade is coming a cropper with forced liquidation the theme of the morning. EUR/USD stops have been triggered below 1.40 and barriers have given way at 1.60 in cable. Same story in commodities, equities and bonds today with big reversals seen across the board as the first move turned out to be a false step. Look for EUR/USD to find strong sellers on any strength back toward the 1.4070 level. 1.3923 is next support.
Reflation deflation
Source: www.forexlive.com
Read more...
February 2012 performance review for Danica
February 2012, the second month of the third year of Danica's live operation, will be remembered for the steady decline in the value of Japanese Yen and continued stock market rally. The system continued on auto-pilot without parameter changes. While the forecasts for daily low and high were...
FOREX Accounts One Size Does Not Fit All : My Whatever Pages
Once you have decided that you have the proper mindset and are ready to start investing on the FOREX exchange you are ready for the next step. That step is to select the type of FOREX account you want to open. ... My Whatever Pages -...
ECB comments continue to lean to the dovish side
The members of the ECB governing council are proving to be some of the people not as convinced by the economic recovery as the markets are. This time it’s France’s Noyer who says that fuctioning of markets has not been fully restored and that the key challenge is restoring confidence...
Japanese FinMin says USD to remain reserve currency
Japanese Finance Minister Yosano is on the newswires reiterating his opinion that the USD will remain the world’s reserve...
Forex: GBP/USD falls further to 1.6410
Dollar is getting stronger across the board with the exception of the Yen on a big sell-off in equities. GBP/USD fell after the opening bell to 1.6415 (intra-day low). From there rebounded sharply and rose back above 1.6500 but failed to hold and regained the downside. After finding resistance at...