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Hi everybody how are you!. I woke up, turn on the T.V., and the first thing I hear before even opening my eyes, was that stocks tumbled all around the world, in Asia and early European session; run to mi PC, to check out prices, and found out Japanese Yen running higher after breaking the 100.00 level, but that’s nothing compared to the announcement of the global synchronized rate cuts a few minutes ago, with Switzerlandand Canada cutting overnight rates and majors jumping hundreds of pips in seconds. The fact is market is right now, beyond technical analysis, hate to say this, but for me today, is a wait and see day. We do have in fact some fundamental releases scheduled, yet with Central Banks announcing cuts here and there.. well, who cares about Pending Home Sales in the U.S.? Anyway, you can check all the news to be released today in the following link:
http://www.fxstreet.com/fundamental/economic-calendar/
Anyway, I will continue making longer term analysis, today, and try to keep you informed about what’s going on aroudn the world.
Have a great day!