Forex Bull

PARIS—-Regulatory News:

The Euro registered impressive gains in overnight trading, rising over 100 pips to challenge 1.3250. The British Pound followed suit, moving sharply higher to test above the 1.48 mark.

Student?s Question: As shown on the chart below, stochastic seems to generate a lot of signals between 80 and 20. I would not consider them strong trading signals. MACD also generates a lot of crosses in this chart.

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Fri, 16th of January, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD made another indecisive movement yesterday. The pair breakdown the rectangle pattern, hit the bottom at 1.3026 but closed higher at 1.3137

Sorry for the late post – picked up a new dryer today and it took longer than I thought to get it in the house and hooked up. It’s good to go now though.

Diana Felber brought her groceries to the checkout and counted out her cash — purple, blue and green bills that are good only at businesses in western Massachusetts.

Tomorrow’s Treasury International Capital flow report will shed more light on whether the low yield in the US has driven sovereign wealth funds out of the US dollar. According to a recent report by China, they have continued to buy US dollars despite doubt that they would be unwilling to fund the growing US

Go here to read the rest: US Dollar, Japanese Yen Holds Inverse Correlation with DJIA as Risk Trends Dominate Price Action (Daily FX)

The ECB cuts rates to a record low 2.00 percent, but commentary suggests a break in the bank’s easing policy. Now, on to Friday’s US CPI numbers and speculation of a US liquidity trap.