Japan's housing starts increased by 7.5% last month

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Source: Forexfactory
Japan's housing starts soared by 7.5% in February on an annualized rate, indicating the first increase in the last six months. The jump in construction signals on increase in building mostly after natural disasters in the country. However, orders of the 50 main construction firms declined by 1.8% last month.
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Fri, 30 Mar 2012 08:14:24 GMT

Emerging patterns: EUR/JPY 4H Chart: Rising Wedge

EUR/JPY was consolidating during the last 173 bars, forming a Rising Wedge pattern on 4H chart. The formation has 76% quality along with 66% magnitude.The price slowed near its support level around 109.23 and tried to break it, but failed to do so.  Pair was trading in a tight range after testing the level and now it has a possibility

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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