In these rough trading conditions, it is easy to feel ‘all at sea’ , but remember ….
Economic warfare?
FITCH DOWNGRADES PORTUGAL to BB+ from BBB- – Negative outlook
The days of sending a gun boat are long gone …. there are much more sophisticated ways for taking over whole countries without any damage to infrastructure.
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Unprecedented broker warning
Oanda, a major retail broker has taken the unprecedented step of warning it’s customers not to trade !
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CHF – the intervention
The weekly Relative Strength trace clearly shows the point when the SNB decided enough was enough ….
“We will do everything it takes ….”
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Posted in Support Lessons
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CHF – the place to be … ?
The 4 hour Relative Strength trace nicely shows the recent CHF roller coaster ride.
Hope you were all going the right way …
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Tricky ….
Update 2nd November 2011
This week was all about how the markets viewed the Greek crisis.
Until the politicians come up with a realistic and long lasting solution to the present Euro crisis, it is likely we will continue to see a fear driven market, making longer term technical analysis near impossible.
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