Forex Zone (Forex Zone)
Czech markets  |  August 22, 2012 09:43:00

The first informant received a reward


The reform package Dodd-Frank law, which in 2010 entered into force and were designed to improve the regulation of financial markets after the crisis of 2008, was introduced the institute informant. Under the new Act, the SEC (Securities and Exchange Commission in the U.S.) reward informant 10-30% of the fine, which will be awarded subject to the unfair practices informant SEC warns.

Yesterday, the SEC announced that it paid the first informantThat helped stop the multi-million-dollar (in dollars) fraud. The identity of the informant was not disclosed, but his remuneration above $ 50 000 yes. Statutory possibility of rewarding informants perceived positively. Since the environment as unfair Wall Street is, can only help to its at least partial purification.

As regards developments in the monitored pair EUR / USD, so he surprised us yesterday. On Monday, we wrote: "The important thing is for us to look at the weekly chart, which was formed inside the candle, which indicates indecision. From our point of view, for this week's crucial breakthrough inside the candles. If the market breaks through its high and overcoming strong resistance around 1.2400, opens the way to 1.2500 at 1.2540 and potentially. "

This breakthrough we expected more during Monday. However, the market showed on Monday continued movement to the side from the previous week, so we expect the continuation of yesterday moving sideways. Yesterday is not on the agenda no significant macro data.

But yesterday surprised the market and after Monday's high penetration inside candle on the daily chart and then inside candle on the weekly chart came important move that we expected the day before. The market got to the strong resistance around 1.2500.

To this day we do not know quite what to expect. The market is clearly stronger on the long side, but today will be published in a larger number of important macro data from both Europe and the U.S.. It may surprise you and bring significant movement in the market. Towards the above will be crucial if the market will be able to maneuver through strong resistance around 1.2500. If so, opens the way to 1.2550 and then to 1.2585.

However, they perceive great potential that the price will test the surface down to around 1.2400. We see also the potential for interim testing session at today's low 1.2454 and a low of yesterday. To the price got to there, will have a lot of work, because the market is a lot of support.The major perceived about 1.2435 and about 1.2400 and 1.2385.

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