Ever so slowly, the EUR-AUD is in the process of building a bottom pattern on its daily chart. After making an all time low at 1.2131, the price formed what appeared to be small rounded bottom, followed by a fast move to 1.2616. With more price history since, now a possible Cup with Handle formation [...]

The Swiss National Bank holds policy meeting tomorrow, coming under new pressure to weaken domestic currency. Today, in a special session of the Swiss Parliament, many lawmakers urged the bank to take additional steps to combat Franc’s recent revival. While the currency is nowhere near the levels from summer last year, some politicians expressed desire [...]

After policy meetings from five central banks last week, we have three more in coming days – the FED, the Bank of Japan and the Swiss National Bank. Neither one of them is expected to change their respective interest rates, do markets will focus on easing policies. After recent remarks from Ben Bernanke, it is [...]