USD/CHF is in the process of completing a Double-Bottom pattern. It has been hovering around the breakout level for the last couple of weeks. Now it seems to be breaking out. The pair made two near term lows – one made on March 13th (point A in chart) and another on May 8th (point C).…
Euro Zone is courting deflation and witnessing weak growth. Some talking heads on TV are wondering whether ECB President Draghi believes in data that inflation is not a threat. But on Thursday morning, ECB and President Draghi came out with blazing guns. ECB has cut the deposit rate to -0.1% from 0.0%, effective from June 11, 2014.The negative rate…
Well, in a sense. In its monthly meeting, Bank Of England’s Monetary Policy Committee voted to maintain the Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of the central bank reserves at £375 billion. The Bank Rate has been at 0.5% level since March 5, 2009. The asset purchase program was…
Summer months offer good trading opportunities in sugar. As of close of June 4th, our seasonal commodity trading strategy has generated long entry signal for sugar. One can establish a long position for SB – October ’14 contract at or near 0.1704 Or one can go long SGG, iPath DJ-UBS Sugar TR Sub-Idx ETN, at…
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