larrygreenberg @ August 9, 2012 # Comments Off
Indonesia’s central bank benchmark interest rate was left at 5.75%, the level since a 25-basis point cut back in February. There had also been reductions of 25 bps in October 2011 and 50 bps in November 2011. A statement from official…
larrygreenberg @ August 9, 2012 # Comments Off
The seven-day repo rate had been cut at the July meeting for the first time since February 2009, but the 3.0% level was retained after today’s Monetary Policy Committee met. A released statement observes a weaker global environment and slow…
ForexBlogger @ August 9, 2012 # Comments Off
EUR/USD continued its downward trend today as the European Central Bank failed to deliver anything material after it has promised earlier to support the eurozone. Moreover, the central bank revised its forecast for th…
larrygreenberg @ August 9, 2012 # Comments Off
After a two-day six hour twelve minute meeting on Wednesday and Thursday, the Bank of Japan’s Policy Board made no changes to its 0-0.1% interest rate target or to the JPY 70 trillion total quantitative stimulus consisting of JPY 45 trillion in a…
larrygreenberg @ August 9, 2012 # Comments Off
China, Japan, Britain and India released data accentuating economic weakness. Central banks in Japan, Indonesia, and Korea left policy stances unchanged. The dollar has risen 0.4% against the euro, Swissie and kiwi. It is up 0.1% versus sterling,…
ForexCycle.com @ August 9, 2012 # Comments Off
By Elliott Wave International There’s no shortage of actionable trading information out there, for every kind of trading style — countless newsletters, books, and websites to choose from. But how do you know when to apply this information t…
ForexCycle.com @ August 9, 2012 # Comments Off
USDCHF Analysis. USDCHF remains in downtrend from 0.9971. Another fall could be expected after a minor consolidation, and next target would be at 0.9500 area. Resistance is at 0.9770, followed by the downward trend line on 4-hour chart, only a clear br…