Forex Crunch Crown Directors Detained in Britain

Forex Crunch Crown Directors Detained in Britain

Crown Directors Detained in Britain

Posted: 08 Dec 2010 03:13 AM PST

The British police raided the homes of Peter Benstead and Edward James, in the wake of dawn. These two directors of Crown Currency are suspected of deceiving thousands of forex traders, leaving them penniless. Here’s a report from the Telegraph: Detective Inspector Bean from Devon and Cornwall Police Serious and Organised Crime Branch said: “It is [...]

Inflation and the Dollar

Posted: 08 Dec 2010 02:57 AM PST

There are growing doubts about the official CPI numbers in the US. Oil and food prices are going up in the markets, but aren't seen in CPI. If inflation will indeed rise, how will this affect the dollar? Here are some thoughts of a scary scenario. p

EUR/USD Dec. 8 – Hanging on to Low Support

Posted: 08 Dec 2010 01:33 AM PST

EUR/USD is leaning lower and finding low support, after the Irish budget was slowly approved, but so were US tax cuts. Will it recover from this slow drop, or accelerate?  Here's a quick update on technicals, fundamentals and community trends.

Forex Daily Outlook – December 8 2010

Posted: 07 Dec 2010 02:00 PM PST

Housing Starts in Canada and Halifax HPI in the UK are some of today's interesting and important events .Let's see what awaits us today. In the US, Crude Oil Inventories by commercial firms during the past week; most affects the loonie due to Cana

USD/JPY Elliott Wave

Posted: 07 Dec 2010 12:48 PM PST

Japanese Yen is showing a very weak picture today across the board, losing a lot of value against the other major currencies but the most against the British Pound (more than 1%).  The main driver for lower Japanese Yen is higher stock market and ra

Irish Budget Vote – Approved Bit by Bit

Posted: 07 Dec 2010 11:55 AM PST

The Irish parliament is approving the budget bit by bit. The long procedure will be over soon. The budget includes harsh cuts. This approval was a pre-condition for the bailout program for Ireland by the EU and the IMF, worth 85 billion euros. 82

AUD/USD – Shy of Parity

Posted: 07 Dec 2010 09:34 AM PST

AUD/USD got closer to parity after the relatively hawkish rate decision, but made its way back to the previous range. Is it gathering strength for a move upwards? Here's a quick update on technicals, fundamentals and community trends. A

Canadian Dollar Strength Worries the BOC

Posted: 07 Dec 2010 06:07 AM PST

The Bank of Canada left the interest rate unchanged at 1% as expected. In the accompanying statement, the BOC warned that while economic conditions haven't changed materially, risks have risen, due to European debt issues and the strength of the Cana
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