Saturday, June 16, 2012

Tuesday, June 5, 2012

Forex Market Daily Analysis - June 6, 2012

Forex Market Daily Analysis - June 6, 2012

In spite the bullish correction in Wall Street, the USD resumed strengthening against some of the major currencies, such as the Swiss Franc. 


This can be explained by investors that are not impressed by the bullish correction of the stocks and they still prefer the US dollar on any other investment... Read more

Saturday, June 2, 2012

Forex Trader of the Month - April 2012 - Dukascopy Bank SA

Forex Trader of the Month - April 2012 - More Infos http://bit.ly/tGxVUS Every trader using the Dukascopy Bank platform is a candidate for the monthly Award. Live Account Registration http://bit.ly/pUkN1H


Monetary Policy Week in Review - 2 June 2012

Monetary Policy Week in Review - 2 June 2012


The past week in monetary policy saw interest rate decisions announced by 8 central banks around the world.  Those that altered interest rates were: Brazil, cutting 50 basis points to a low of 8.50%; Denmark, trimming a further -15bps to 0.45%; and Uganda dropping -100bps to 20.00%.
Meanwhile the central banks that held interest rates unchanged were: Hungary 7.00%, Turkey 5.75%, Zambia 9.00%, Colombia 5.25%, and Israel 2.50%. Elsewhere in monetary policy, the Central Bank of Egypt cut its RRR -200bps to 10 percent. Read more

Friday, June 1, 2012

USD/CHF Trade Pattern 1H Chart Rising Wedge - June 1, 2012

USD/CHF Trade Pattern 1H Chart Rising Wedge - June 1, 2012


USD/CHF has been continuing its bullish trend and has reached the highest level since the beginning of 2012 while forming a Rising Wedge pattern on the 1H chart. The pattern has 74% quality and 48% magnitude in 64-bar period.

The pattern started when pair bounced from 0.9558 and after testing resistance levels at 0.9719 and 0.9735 it has slowed down at 0.971 where the pair is currently trading. Read more