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trade opportunities

Discussion in 'Market Predictions and Reports' started by pahj, Oct 12, 2009.

  1. pahj

    pahj Private, 1st Class

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    aus/usd, gbp/usd, eur/gbp are presenting themselves for a position trade soon, you need to watch out for this pairs it can send you to the bank if you jump in at the right time, so be on the look out but don't be hasty ,i did it usd/jpy and it paid well though on a demo
     
    #1 pahj, Oct 12, 2009
    Last edited: Oct 12, 2009
  2. Alex-the-Gr8

    Alex-the-Gr8 Private

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    Eur/USD levels for this a.m.

    Maybe the FOMC minutes will breathe some life into the dollar. The NY session should be an interesting one. What are your thoughts? And I thought Obama winning the Nobel would solve the USD's woes. Ok, that was a joke, for those of you wondering. :)

    The Dollar was down versus most majors as global reserves shifting away from the Dollar and demand for higher yielding assets kept dragging it lower. NASDAQ closed almost flat with 0.04% and Dow Jones declined by 0.15% , Crude rose by 1.2% to a 7 week high closing at 74.89$ a barrel as global demand is expected to rise. Gold (XAU) gained by 0.71% closing at $1063.9 an ounce on the weaker Dollar. Today, Retail Sales are expected weaker with -2% versus 2.7% prior. FOMC's Meeting Minutes will be released, providing insights into the economic conditions. Federal Budget Balance will be released and is expected better with -77.3B versus -111.4B prior.

    EUR/USD

    Resistance
    1.49
    1.4955


    Support
    1.479
    1.476
    1.4735
     

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