29 August 2010

Watching the USD this week

This coming week will be eventful in terms of news.

Bernanke has announced that the Fed will support the markets if required.  This strengthened not only the US stock markets but the US Dollar for Friday's close.

Will probably not trading this week until Non Farm Payrolls is announced.

Chatter on the websphere seems to imply that there is an opportunity to long the EUR/USD.

Will not be trading the AUD/USD until the GDP results are announced this week.

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