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

Binary Options Broker - Receives World Finance 100 Award

Oren Laurent and Niko Galis from Banc de Binary http://bit.ly/sGW7lY appear at the London Stock Exchange to receive the prestigious World Finance 100 Award.

Nick Trevethan - Senior Commodity Strategist at ANZ on Gold

Nick Trevethan - Senior Commodity Strategist at ANZ on Gold

When in times of economic and political adversity, money has traditionally flocked to gold, it is effective as a store of value. What people expect from gold is to manage and protect their wealth.


However, what we are seeing now, though, gold is actually trading in line risky assets, which does not really make sense for safe haven. Read more

USD/CAD Economic News & Technical Comments

USD/CAD Economic News and Technical Comments


Canadian retail sales came worse than expected declining by 0.2% (m/m) in February, while the forecast was for the indicator to remain unchanged. Core retail sales rose 0.5% vs. +0.4% forecasted and up from January’s -0.8%.

The pair USD/CAD initially rose on the news, but then began retracing down the gains as Case-Shiller HPI which in is measuring change in the selling price of single-family homes in 20 metropolitan areas also turned out to be quite disappointing: the index contracted in February by 3.5% (y/y). Read more

Euro Zone Financial Crisis - Spanish Debt Yields & Greece Bond Swap

Euro Zone Financial Crisis - Spanish Debt Yields & Greece Bond Swap

Greece pushed through the bond swap offer averting the immediate threat of an uncontrolled default and opening the way for a second rescue package.

Experts claim Spain has never been so close to default and Greece, Ireland and Portugal may need additional financial aid. Read more

Bank of Canada is unlikely to raise interest rate

Bank of Canada is unlikely to raise interest rate

The Bank of Canada meets on April 17. The analysts expect the central bank to keep the rates unchanged at 1%. Then the BOC will release full domestic and international assessment April 18.

On Thursday, April 12, Canada’s trade surplus declined to C$0.3 billion vs. C$2.2 billion expected and C$1.9 billion in February. However, many analysts believe the economy will continue demonstrating moderate growth. Read more

Is it fair to characterize gold bullion as an investment?

Is it fair to characterize gold bullion as an investment?

WHY BOTHER investing? Five years into the financial crisis – and more than a decade after the US market hit its big top in real terms – you might well ask. Especially now that cash, bonds, Treasuries and stocks pay between zero and sweet nothing in yield, just like gold bullion.

The aim if not the outcome of investment is simple, however. "Investing [is] the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power – after taxes have been paid on nominal gains – in the future," as Warren Buffett wrote earlier this year to his Berkshire Hathaway shareholders. Read more

Forex - J.P. Morgan trading USD/CAD

Forex - J.P. Morgan trading USD/CAD

Analysts at J.P. Morgan recommend selling the greenback versus Canadian dollarat 0.9980 stopping at 1.0050 and targeting 0.9800.

The specialists try to trade on the US earning season. In their view, the market’s expectations are very low, so there may be some upside surprises. Read more