Archive for July, 2009
Will the ECB Wave its Magic Wand?
By Baby Pips - Another interest rate decision tomorrow – what will Jean-Claude Trichet and the ECB pull out from the monetary policy hat this time? The European Central Bank (ECB) is accountable for the monetary policy of the 16 member countries of the Euro zone. The bank has control of the region’s money supply [...]
Wednesday AM Comments and Levels
Technical Levels for certain currency pairs EUR/USD: Presently trading at 1.4064 bid Resistance levels at 1.4092 and 1.4150. Support levels at 1.3975 and 1.3920 We favor short EUR/USD positions. USD/JPY: Presently trading at 96.88 bid Resistance levels: 97.15 and 97.60 Support Levels: 96.20 and 95.50 Pair is currently (96.88) right at an inflection point with [...]