Stocks and Dollars

A surprise coordinated move by central banks to provide cheaper liquidity boosted risk markets. The central banks of the US, EZ, Japan, UK, Switzerland and Canada agreed to provide USD funding via swaps at OIS+50bp, 50bp lower than previously, and extend the program by six months to February 2013 in

The U.S. dollar was sent sharply lower today as six of the world’s largest central banks Fed, ECB, SNB, BoE, BoC, and BoJ, coordinated to lower USD swap rates by 50bps and extended the swap lines until Feb. 2013. This came on the back of last night’s PBoC RRR

U.S. Dollar Trading (USD) plummeted across all majors and commodities as the world’s central banks joined forces to prompt an epic relief rally. Central banks around the globe announced a co-ordinated plan to ensure cheaper dollar funding for European banks in an attempt to thaw out liquidity channels. Prior to

A surprise coordinated move by central banks to provide cheaper liquidity boosted risk markets. The central banks of the US, EZ, Japan, UK, Switzerland and Canada agreed to provide USD funding via swaps at OIS+50bp, 50bp lower than previously, and extend the program by six months to February 2013 in

AUD/USD was the big gainer during the European and US sessions after having collapsed during the London morning as the price broke below our line of 0.9990 to almost meet our 0.9930 target line. The buying ahead at 0.9940 was too solid and the news that the global reserves are

GBP/JPY continues to rise inside the Clear Triangle chart pattern identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the low Initial Trend (rated at the one bar level), above-average Uniformity (6 bars) and

While the price moves within the limits of the forecast. Presumably, the impulse (iii) of [c] of X is formed. If the assumption is true, within the limits of its complete set falling of the price, most likely will proceed.

Euro 1.3445 Initial support at 1.3395 followed by 1.3370 (Oct 6 low). Initial resistance is now located at 1.3530 followed by 1.3570