Bank of Japan (BOJ) Governor Kuroda: Japan’s economy continues to recover moderately Japan’s economy likely to continue recovering as a trend japan making steady progress in meeting BOJ’s price target BOJ will maintain its QE program until needed to sustainably … Continue reading →
Cable is leading the way higher, its up above 1.6820 and EUR, AUD and NZD all higher with it. Cable has triggered some stops above near-term resistance and is at its highest now since mid-2009 The broad weakness in USD … Continue reading →
Headlines on the Bloomberg terminal: China may issue policies to stabilize growth China should encourage consumption China should intensify reform in service industry Referrring to this: China Securities Journal editorial: Central government will unveil more policy measures
We are waiting for eurusd to hit the highlighted levels in the upcoming sessions. 1.2840 remains good resistance while 2670 zone strong support. We talk about this and other pairs in our daily commentary.…
According to InterbankFX, US traders will not be able to operate with overseas firms: "The new rules will impact thousands of U.S. customers with millions of dollars invested in overseas brokers," says Interbank in a press release. "Beginning October 18, 2010, overseas brokers will no longer be able to service U.S. customers. These rules ensure U.S. customers will receive the protections afforded by U.S. regulations." Mallon agrees with that, he considers with a “not probable” the possibility that US traders will be able to move their accounts overseas.