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Economic News

Preview: ECB to flesh out asset-purchase plan

Posted by on Oct 2, 2014

The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy.

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News Analysis

Why Is the U.S. Government Dictatorial Towards Dissenters … But Casual Towards Ebola Carriers?

Posted by on Oct 2, 2014

3 Supreme Court justices, 2 top level NSA executives, numerous Democratic and Republican Congress members and other top American officials have said that we’re basically in a...

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Fundamental Analysis

EUR/USD: Euro Trading Higher, Ahead Of The ECB Interest Rate Decision

Posted by on Oct 2, 2014

The pair is expected to find support at 1.2603, and a fall through could take it to the next support level of 1.2562. The pair is expected to find its first resistance at 1.2667,...

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Technical Analysis

The Daily Wave Analysis

Posted by on Oct 2, 2014

Due to the interest rate announcement on the Euro later today, the wave count is vulnerable to change. Price bounced off of the bottom of the downtrend channel yesterday and seems...

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Recent Posts

VW to add China capacity amid growth expectations

VW to add China capacity amid growth expectations

Apr 20, 2014

Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market.

Puerto Rico finance agent taps Cleary Gottlieb

Puerto Rico's finance arm has hired lawyers at Cleary Gottlieb, The Wall Street Journal reported Monday.

The courage to stay on a swing. Long USDCHF

The courage to stay on a swing.  Long USDCHF

Apr 7, 2014

4/1/2014 Update: That was a fun run but I had to exit this swing. It didn’t break like I had hoped. Now it’s time to sit back and wait for this move to finish then try again. You win some and you lose some! Hello again everyone! It’s been a while since I’ve written an article but I got inspired a bit tonight so I’m back with the goal of doing this...

Scouting out the next move for USD. Watching USDCAD.

Scouting out the next move for USD.  Watching USDCAD.

Jun 2, 2013

  It’s been 40 days since I posted my last blog entry.    Since then I have had two really nice swings.  The GBPUSD played out picture perfect for me and I took a nice profit.  I also got in on the majority of the AUDUSD short over the past month.  The US Dollar has had a great run but it’s at a level where I want to start preparing for the next move.  I...

UvaKail123’s first blog. Swinging, USDX and the GBPUSD.

UvaKail123’s first blog.  Swinging, USDX and the GBPUSD.

Apr 23, 2013

First of all I’d like to say it’s a pleasure to be blogging for IRCForex.com.  I have been a member of the IrcForex community for a several years now and it has without a doubt accelerated my learning curve as a trader.  If you are a trader looking for an active group of forex traders to bounce ideas off of and learn from please don’t hesitate to join us.  We...