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EURJPY Daily Trading Plan

We are following a simple, well known technical pattern, named Pivots, in order to find out opportunities in the market. Pivot points are calculated as an average of significant prices from the performance of the market in the prior trading day. The Pivots are often turning points for the direction of price movement in the market. […]

Fed Chairman Ben S. Bernanke is signaling that further Federal Reserve stimulus is unlikely unless the economy unexpectedly deteriorates

Good Morning , – Fed Chairman Ben S. Bernanke is signaling that further Federal Reserve stimulus is unlikely unless the economy unexpectedly deteriorates. EMG- and commodity currencies continued to well overnight and EURUSD failed once more to overcome the 1.3240-50 hurdle. CAD rallied to the strongest level vs. the Dollar (0.9822) since September and BOC […]

ECB’s Liikanen urges open mind on asset-backed securities…

 Good Morning,   – EUR/USD trade to one week high above 1.29…market awaits Bernanke testimony. – Asian shares: Japan’s Nikkei +1.60%, Hong Kong’s Hang Seng close, Korea’s Kospi  +0.64%, Australia’s ASX 200 -0.17% and China’s Shanghai -0.12%. – ECB’s Liikanen urges open mind on asset-backed securities. – St. Louis Fed President James Bullard and New […]