EUR/USD has just broken through the bottom it’s recent support line (noted in BLUE on the below image). The start of that [...]
EUR/USD at Support Levels
Source: feedproxy.google.com
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Centre-right parties the big winners in Euro elections
If a general election was held in Germany tomorrow, the CDU/CSU party led by Frau Merkel would most likely be able to win power if it again allied itself with the FDP, as Kohl did with Genscher in the 80’s and 90’s. The FDP is a middle-of-the-road party and the CDU is the predominant...
USDCHF broke above 0.9040 resistance
USDCHF broke above 0.9040 resistance, suggesting that a cycle bottom has been formed at 0.8881 on 4-hour chart, further rally is possible...
Rumor: NFA is going to do away with limit orders
[FROM: sledge] So What are we going to do when the NFA takes away our limit orders in July [FROM: dug] wtf [FROM: dug] what do you mean takes away limit orders [FROM: sledge] rumor has it the NFA is going to do away with limit orders, to a market orders only system [FROM: sledge] Apparently it has...
ECB Allots EUR 529.5 billion in second round of LTRO
The European Central Bank (ECB) allotted 529.5 billion euros to 800 banks that participated in the ECB’s second LTRO...
Global miner BHP take a 58% price cut in coal
BHP Billiton has agreed to a 58% price cut for the coal it sells to major steel makers. This is pretty much in line with the expected cut of 60% analysts had forecast. The deal signals a looming price cut in other main steel making ingredient, Iron ore. The 58% cut in price equates to a benchmark...