Forex Mentor

Economix Blog: Simon Johnson: Behind the Federal Reserve’s Closed Doors

faouani@uz4.net — Thu, 23 Feb 2012 10:48:41 +0000

Simon Johnson , the former chief economist at the International Monetary Fund , is the co-author of “ 13 Bankers .” The Federal Reserve has great power in modern American society, including the ability to move the economy and, at least indirectly, to create or destroy fortunes. Its powers operate in two ways: through control over monetary policy, meaning interest rates and credit conditions more broadly, and through its influence over how the financial system is regulated generally and how specific large banks are treated. The secrecy of our central bank has long been a source of controversy

German IFO Survey Reveals Improving Economic Climate

faouani@uz4.net — Thu, 23 Feb 2012 10:04:26 +0000

THE TAKEAWAY: German IFO survey better than expected -> Greek bailout bolsters market sentiment -> Euro jumps 30 points The IFO survey out of Munich today came in better than expected.

FOREX: Euro May Rise as Higher German IFO Print Trims Rate Cut Bets

faouani@uz4.net — Thu, 23 Feb 2012 08:15:31 +0000

Talking Points Euro May Rise as German IFO Gauge Points to Firming Business Confidence US Dollar Sold on Profit-Taking in Asia After Rising to the Highest in a Month China Premier Wen May Set 2012 Economic Growth Target Below 8 Percent The outlook for monetary policy is back in focus for the Euro in the aftermath of an agreement on the second Greek bailout package. Indeed, prices are showing an increasingly significantly correlation with the benchmark German 2-year bond yield. Today, this means the spotlight falls on the German IFO business confidence survey

GBP/USD Classical Technical Report 02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:30:24 +0000

GBP/USD: Rallies have once again been well capped ahead of the 200-Day SMA in favor of yet another bearish decline. But setbacks have stalled by some key multi-session support by 1.5645, and it will take a break and close back below this level to officially force a shift in the structure and accelerate declines. Until then, expect some more choppy consolidation and potential range trade.

USD/JPY Classical Technical Report 02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:30:20 +0000

USD/JPY: The market is doing a good job of showing the potential for the formation of a major cyclical bottom after taking out the 200-Day SMA and now clearing psychological barriers by 80.00 for the first time in 6 months.

EUR/USD Classical Technical Report 02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:30:15 +0000

EUR/USD : Inability to close below previous key support at 1.3025 leaves the market locked in some multi-day consolidation, with no clear short-term directional bias. At this point, the key levels to watch above and below comes in by 1.3325 and 1.2970 respectively, and a daily close above or below will be required to open the door for the next major move.

USDJPY Analysis 2012.02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:00:11 +0000

[Forex-1 | Euro vs US Dollar] The EURUSD bias is neutral. Upper barrier is at (1.32072), break above that area could trigger further short term upside pressure testing (1.32839). On the downside, the important price level at (1.31045) may be tested or broken in the coming sessions, which may pull the pair towards (1.30237 – 1.29746).Look for a close above/below either barrier.

USDCHF Analysis 2012.02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:00:08 +0000

GBPUSD Analysis 2012.02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:00:06 +0000

EURUSD Analysis 2012.02.23

faouani@uz4.net — Thu, 23 Feb 2012 07:00:03 +0000