Report that Bank of Mexico is intervening in the USDMXN
Feb 20, 2009 in Grow Financially, Opportunities
The MXN has been under pressure. The price has moved down from a high of 14.9755 to 14.7450.
Archive for February, 2009
EURUSD moves up to the 1.2883 high
Feb 20, 2009 in Grow Financially, Opportunities
The EURUSD has moved up to a high of 1.2883. The close last Friday was 1.2888. The gap on Monday has all but been filled (within 5 pips).
The market has moved lower off the level but this is expected on the first test. A move back up will likely look to push the stops further. [...]
Dow falls below lowest close level since 1997
Feb 20, 2009 in Grow Financially, Opportunities
Dow down over 200 points to 7250 area
Rumor that the Fed is going to buy treasuries next week
Feb 20, 2009 in Grow Financially, Opportunities
This may have causes some of the volatility in the market.
USDCHF gets hammered. Breaks through trendlines and Moving Averages
Feb 20, 2009 in Grow Financially, Opportunities
The USDCHF has hit an air pocket. The price has moved down and bounced off the 100 day moving average which comes in at the 1.1518 level. The low for the move has been 1.1517
EURUSD breaks higher again. No news.
Feb 20, 2009 in Grow Financially, Opportunities
The EURUSD has moved sharply higher once again. There is no real news to account for the increase. The close yesterday was 1.2672. The high on the spike has been 1.2681. The market surge has slowed as the market tests the close from yesterday.
ECB Juncker on the news wires
Feb 20, 2009 in Grow Financially, Opportunities
No EC State should have to go to the IMF for help.
Sources on the news wires say Citicorp has not talked to government about nationalizaton
Feb 20, 2009 in Grow Financially, Opportunities
They also say they have not heard about any other details about the the Treasuries mortgage plan than what was announced to the public.
USDCHF moves lower on the back of the EURO strength
Feb 20, 2009 in Grow Financially, Opportunities
The market is comforted from the action plans from the EU and this has also benefitted the CHF which was battered earlier on the worries. The pair is now moving closer to the trendline support and 100 hour moving average which held yesterday. The market will be watching the levels closely give the repeated tests [...]