Greg Michalowski's Blog – May 2011 Archive (2)
USDCHF... Looking for more
The USDHF made new lows today and has been pressured since the IMF said last week that the SNB should raise interest rates. Today, the Swiss GDP came out weaker than expected and puts into question that idea. Nevertheless, the price remains the all time lows and also below the 'old' low from the earlier in…
ContinueAdded by Greg Michalowski on May 31, 2011 at 5:55pm — No Comments
EURUSD consolidates in quiet holiday trading
The EURUSD was in a channel trading range last week, until Friday when the price broke higher. For most of Friday, the price moved higher and lower in more volatile trade as the effects of Greece and weaker US data pushed the market. Today, with holiday trading, the price action is contained but holding…
ContinueAdded by Greg Michalowski on May 30, 2011 at 2:00pm — 4 Comments
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