Forex Signals

When we ask for advice, we are usually looking for an accomplice. ~ Marquis de la Grange Good morning. Short-term trends of several currency pars have been derailed yesterday – or rather delayed – by the coordinated central banks intervention. For those of you who’ve been busy doing something else and missed the news, now wondering [...]

Thursday’s stock market sell-off can be traced directly to a statement released by Fitch Ratings. In this statement, Fitch declared that the U.S. bank exposure to precarious European debt posed a “serious risk”. According to information gleaned from the Bank for International Settlement (BIS), as of the end of 2010, U.S. banks had a combined [...]

London Gold Market Report
from Ben Traynor
BullionVault
Monday 5 September, 08:00 EDT
THE U.S. DOLLAR gold price stuck its nose above $1900 an ounce Monday morning London time – its first breach of that level in nearly two weeks – before easing back towards lunchtime.
The silver price, by contrast, fell to a low of $42.42 per ounce – [...]

Quotable

It is easier to prevent bad habits than to break them.
                                          Benjamin Franklin

Commentary & Analysis
Now back to important things – feeling bad for the banks …

Did you hear? They’ve agreed to a robust bailout plan that increases the scope and effectiveness of the EFSF. It seems expected to succeed in resolving the crisis and stemming potential [...]

Over the last year and increasingly over the last few months, Central Banks around the world have taken center stage in currency markets. First, came the ignition of the currency war and the consequent volley of forex interventions. Then came the prospect of monetary tightening and the unwinding of quantitative [...]

Ally Bank Advertisement – Chicago, IL

You can’t miss the print ads for Ally Bank posted all over Chicago streets, almost laughable deceptions aimed at covering up the outfit’s failed history and ongoing government ownership.
“We don’t take money. We take care of it,” boasts one ad, more than a little ironic considering the bank is
73.8% owned [...]

It is funny how central banks continue to carry so much gravitas among investors and traders. Perhaps never have central bankers – particularly the Fed – ever [seemingly] lacked so much credibility in the public eye. Maybe it’s the fact that these power brokers have the markets and the economy by the b@||$ – we [...]

Could be, according to Market News International.
EUR/USD is getting a bounce off of 1.3615 on the story…

By Donna Kardos Yesalavich

NEW YORK—The financial sector led a drop in U.S. stocks Friday as an adverse foreclosure ruling for banks in a Massachusetts court gave investors another cause for concern in addition to a disappointing jobs report.
The Dow Jones Industrial Average dropped 22.55 points, or 0.19%, to 11674.76.
The Dow’s financial components [...]