Morning Xerof
I havent tried ESignal, but I would
be interested to know how you get on if
you decide to test the package.
30 day free trial available here I believe.
www.esignal.com/offer/sc
arco
Printable View
Morning Xerof
I havent tried ESignal, but I would
be interested to know how you get on if
you decide to test the package.
30 day free trial available here I believe.
www.esignal.com/offer/sc
arco
miner
you got a spare pair of those bottom picking gloves;)
mine are broken:(
all gone to custard for me this morning
slam
Bottom picking can be a very messy business [:0]
Keeping your eye open for a nice double top could
be a more interesting experience ;)
ah, but double tops, with age start to look like double bottoms[:0]
NEW YORK, May 24 (Reuters) - The dollar was little changed against the euro on Tuesday as minutes of a Federal Reserve meeting early this month delivered mixed messages on U.S. inflation, baffling traders as to the currency's near-term direction.
In the minutes of its May 3rd meeting, the Federal Open Market Committee agreed that there is a "discernible upcreep" in inflation measures recently, but FOMC members expected U.S pricing pressure to stay contained. Some members saw both the risks of inflation increasing and growth slowing, but the committee said overall risks were equally balanced.
The dollar fell against the euro immediately after the release of the Fed minutes, but it has since traded back up. In late afternoon trade, the euro was flat at $1.2583, but it rose as high as $1.2589 after the FOMC minutes.
"A bit of a mixed bag again. That's the usual story with the Fed minutes -- there's something in them for everyone," said Shaun Osborne, chief currency strategist at Scotia Capital in Toronto.
"The message appears to be that inflation is still contained, even if there are risks to the upside. From a yield perspective, the FOMC minutes looked pretty benign, but not too positive for the dollar," he added.
A generally benign inflationary outlook should ensure that the Fed would keep U.S. interest rate increases at a gradual pace. Slower interest rate hikes tend to diminish the allure of some dollar-denominated assets, especially short-term deposits.
Other analysts, however, viewed the Fed minutes as hawkish.
"There is no negativity in terms of what the economy is doing, with a more hawkish tone on inflation than usual, which is definitely interest rate positive," said Brian Taylor, chief dealer of foreign exchange trading, at Manufacturers and Traders Bank in Buffalo, New York. Continued ...
http://www.reuters.com/financeMarket...pe=usDollarRpt
Gloves in the mail slam;),I like shorting more than long,as for double tops,usd/chf now on the hourly and 15min?.
Cheers
Miner
It gave a wee short slam,other one's played the game also.
What to believe ?
Sudden drop in dollar likely - OECD
The likelihood is increasing of a sudden drop in the value of the dollar, OECD chief economist Jean-Philippe Cotis said yesterday.
http://www.engineeringnews.co.za/eng...ng/?show=67856
Or just watch your charts?.
Miner
The fundamentalists can't agree so
fI find its always better for me to follow my
own TA and make decisions based on that.
arco