Different theories, explanations either sensible or not were spread over why risk-correlated currencies, indices and gold were under pressure following the Federal Reserve announcement of a fresh $45 billion of new long term treasury purchases, boosting its asset purchase program to $85 billion a month, expanding its balance sheet of over a trillion if the program extends for one year; what if the economy doesn't not improve is it going to continue pumping a…Continue
Despite the impressive rally we have seen from 1.20's low to levels above 1.31, the eurusd is still within the context of a long term bear market, as the rally failed below the key previous high(1.3485), and thus the overall bearish trend is still intact.…Continue
Am excited, this technical analysis thing is just amazing; I should push the button and move into trading real money; I have been through this when I first started years ago just like many newbie’s. Be careful; do not get ambushed in this self-made trap.
If you’re a new inexperienced trader…Continue
Markets were supported by news that Spain is closer to asking for an aid. The Financial Times reported that euro officials are in talks with the Spanish government behind the scenes, trying to outline conditions and fiscal reforms for the country, which is needed to acquire a fresh bailout, and that would be enough to trigger the new Outright Monetary Transactions program recently revealed by the ECB. The results…Continue