I have stated several times that single intervention from a Central Bank is not enough to change a trend, and USD/JPY proved me right. We have just erased all gains set after past week intervention movement, with the pair now barely 20 pips above the all time low. And I’m expecting now further slides in the cross; check my short term report about it:
Added by Valeria B Bednarik on August 10, 2011 at 12:23pm — No Comments
Risk aversion eased, bond yield spreads tighten, yet Euro is unable to stand up: the common currency is at daily lows and aiming lower, still limited to the upside by the daily descendant trend line coming from the year high at 1.4940. The line is currently @ 1.4450 so it takes at least a daily close above it to see more gains in the cross. Despite we will be breaking a triangle to the upside, I won't be betting on too much gains in the cross these days. The common currency will likely…Continue
Added by Valeria B Bednarik on August 8, 2011 at 12:27pm — No Comments
Risk aversion dominates the scenes in Asian opening, with stocks futures strongly down across the board and gold, the ultimate safe haven, reaching another record high at $ 1691/oz by the time of writing. Over the weekend, Standard & Poor's rating agency has downgraded the US government debt to AA+, something with no precedents. The agency, stated that “the downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls…Continue
Life is a matter of choices. Whether the choices I had made in my life are considered wise or dumb by other persons, is something that hardly, HARDLY affects me. And giving explanations of what I do with my life is something that I’m not happy to do. However, I have been push to this extreme and for once I will do against my will.
I’m nobody. I’m just a woman that choose forex trading as a profession and that’s it. I also choose my family always above my profession. That’s why I…
Added by Valeria B Bednarik on August 4, 2011 at 2:54pm — No Comments