Forex News

Insights Chart Readers Can Live By

From dailyfx.com| 10 hr ago

Many traders use charts and technical analysis to determine the different patterns and direction in individual markets, to identify the overriding or macro picture, and to time entries and exits for their trades. If you use charts, or are considering using them, the most important thing to realize is that you need to keep your analysis constant from one ...

Spanish Banker Goes to Prison

From nytimes.com| 4 hr ago

Miguel Blesa, the former executive chairman of Caja Madrid, which is now part of Bankia, has become the first prominent Spanish banker to enter prison since the start of the financial crisis. He is accused of leaving his bank saddled with huge losses because of the takeover of a bank based in Miami in 2008. The problems at Caja Madrid were part of the ...

Europe Week Ahead: EU Summit, German Ifo, EZ IP, UK MPC Minutes, -GDP, -CPI, -Retail Sales

From efxnews.com| 6 hr ago

EU leaders will meet in Brussels to discuss a wide range of topics with a particular focus on the efficiency of the tax policy in order to tackle tax evasion and fiscal fraud. Intense negotiations will likely take place after European finance ministers failed to find a deal on this matter during the last ECOFIN meeting. France and Germany have called for an ...

Succinct Summation of Week’s Event (May 17, 2013)

From ritholtz.com| 11 hr ago

Succinct Summations week ending May 17, 2013. Positives: 1. The S&P 500 and Dow continue to hit new all-time highs. 2. Nikkei rises above 15,000 for the first time since Jan 2009. 3. U.S. retail sales grow 0.1% v expectations of -0.4%; Excluding autos and gas climbs by 0.6% v expectations of +0.3%. 4. Japan Q1 GDP increases by 3.5% v expectations of 2.7% ...