January 16, 2015
Forex Market, a Great Start for 2015
What a great start of the year, 2015? Swiss National Bank action has steeled the Forex market, on 15 January, 2015 SNB has decided to let go the grip of Franc; no longer insist to peg one Franc to 1.20 Euro. What will come next no one can predict at this moment. This may be like the 2008 subprime mortgage crisis triggered by USA.
At least want we see now is brokerage Apalri (UK) has folded, FXCM gets rescue package, Deutsche Bank and Citigroup suffer big hits.
Is 2015 a great year for Facebook Inc? Can FB make a new high?
With the ‘great start’ for forex market, what will happen to the stock markets. The last we analysis the US stock, Facebook (FB) was at the end period of 2014. Let check the progress of this stock.
Facebook has been supported by 100 MA for a few times. But 20 MA and 100 MA has starting to narrow. Is it the beginning of reversing?
Facebook Inc, FB January 5, 2015 Daily
On the January 16, 2015 chart, we see PA has broken the 100 MA. However the PA is still inside the two horizontal lines; the PA may be still ranging.
Facebook Inc, FB January 16, 2015 Daily
Reference Links:
1) Surge of Swiss Franc Triggers Hundreds of Millions in Losses – The Wall Street Journal
2) Alpari UK currency broker folds over Swiss franc turmoil – BBC News
Money Management
Oh yes! With the live example right in front of us, do practice money management. Companies like FXCM, Alpari, Citigroup and Deutsche Bank can badly affected, no one in the world can run away from risk control. Besides that all setup can fail.
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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