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It is very bearish indeed, but it still hasn't broken below the last low 1.0366.

They almost never go to jail, do they?

That makes more sense, thanks.

Can they work in the UK if they're licensed somewhere else though?

Spanish financial regulatory body Comision Nacional del Mercado de Valores (CNMV) said it is ready to welcome UK-based financial institutions that wish to locate their business in the country as a result of the Brexit vote from earlier this year. The Spanish regulator has prepared a dedicated...

You're right, of course, the ECB will resist a more permanent dip below 1.0500, the question is whether they will succeed if there are more interest rate hikes.

I don't think there will be a major move to the upside anytime soon.

Well, it's logical for there to be a retracement after such a drop. But I don't think it will last long.

At this point I have all but resigned to the thought that parity will be reached next year, the question is just exactly when that will happen. And whether it will drop below parity.

You're welcome. I recommend looking into how to use Bollinger Bands. While I don't really use it to find entry points, I found it helpful to ascertain support and resistance levels that otherwise might not be obvious.

You're right. I was talking about the science side of things though. Didn't Theranos fail because of faulty tests? Shouldn't have those tests been under more scientific scrutiny to begin with?

I did use an indicator (Bollinger Bands, to be more precise), but the fact that it was a round number did also sway my opinion.

Three of the leading UK forex brokers – CMC Markets, IG Group, and Gain Capital’s City Index, are forming a contract for difference (CFD) providers association as a response to the recent announcement of the UK Financial Conduct Authority (FCA) that it intends to alter the regulation of forex...

That's upper band of the Bollinger Bands indicator on the daily time frame. I use that indicator pretty extensively to help me find support and resistance levels.

Why did I go through this thread, now I'm even hungrier than I was. :(

I opened a short position on 1.0630 and I am hoping to close it around 1.0580. I hope I'm not making a mistake trading before the news.

I wouldn't be surprised if it reaches parity next year. The possibility of that seems to become more and more real with every passing day.

Frankly, at this point it's anyone's guess whether they'd hike it or not. I have given up on wondering about it and I have decided I'll just wait patiently.

It looks like the German regulator BaFin is mulling similar measures. They intend to limit marketing, distribution of and trading in financial contracts for difference (CFDs) as a measure to protect retail investors. Contracts with an additional payments obligation, such as margin, will soon...

That's what it looks like. The nearest target though is 116.