1st on Forex: For Your Trading Success by 
By Jerry Furst- Sr. Analyst “1st on Forex” www.Investors-Education-Network.com
The Bizarre Gets More Momentum
- Are you no longer impressed with Jaw Dropping Jobless Claims?
- Tired of Hearing about Housing and Mortgage Issues?
- Not Interested in Nationalization of Banks Around the Globe?
- Do you find Zero Percent Interest Rates - UN Interesting?
- When 1,000 pages of legislation with Trillions of Dollars for ”Couch Warming”….. I mean “Stimulus Initiatives” becomes so boring that the largest spending bill in the history of mankind gets passed without even being read and “Cram Down” becomes part of everyday business jargon….Well Inquiring minds might like to know who’s been cheating on their taxes in Swiss Bank Accounts…
The New Transparency - Hiding of Assets Overseas Comes to and End?
As the Global Financial Markets Continue with the Negative Feedback Loop. - We needed more signs that things are changing - Now the Rich and Famous may be getting nervous as Swiss Bank Giant UBS has come to an agreement to disclose clients in the United States that opened bogus business entities to avoid paying US Taxes.
Slap on the Wrist for UBS ?
Word of an agreement between UBS and the IRS came quickly Wednesday, with a mere $780 million dollar fine. Come on guys, not even a couple of Billion? These days a few hundred million is government chump change.
Just an Honest Mistake? - Who’s Really on the UBS List?
According to the Associated Press, Devlin Barrett’s article goes on to state that the IRS is calling on tax cheats to turn themselves in. My question is will they make the entire list public, and what about all the other tax cheats, like the Treasury Secretary - Perhaps Tim has an account over there? I guess all they will need to do is say they made and honest mistake.
Euro Head and Shoulder - Trend Line Break In Play
EUR-USD Daily Chart - (Click Chart to Enlarge)
Last Week I pointed out this Head and Shoulder pattern on the Euro that was poised to break the neckline. I received comments that his was not a Head and Shoulders, to which I reply - It’s a strong Support Line no matter what you say… And it is now broken. Where it goes from here, Who knows - the fundamentalists will point the blame on Eastern European Banks, or some other scapegoat if it continues down… If the Euro strengthens, It won’t be because of Trichet.
Pound Sterling Consolidating against the Dollar
GBP-USD 4 Hour Chart - (Click Chart to Enlarge)
The Pound is Poised for something as this chart shows it has gone sideways
long enough.
Tune in to Monday’s Free Webinar - Click Here to Register
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients
Click Here for a Free Self Evaluation Survey.
That was a shocking news about the UBS…
You should mention the Stanford guy
I can’t believe that in the 21st Century you can run an
$8 bln scam with your neighbor (who has been selling meat before), classmate, girl-friend and your dad, all never had any experience in Investments before; run it for years and not get even a single suspicious look from SEC… sad…