Rabu, 25 Januari 2012

Wednesday is Fed Day

The market anticipates comments from the Fed that U.S. interest rates will stay low for a long time. There's a press conference today in line with the new Fed policy that mirrors that of the ECB.

The DAX chart - 3 point Renko - is a biz as usual type day. The last two trades were outside in and the last trade was a double down of the second last one. The stop on the trade was the high to the left at 6409.5.


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