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FX Levels for Today. June 26, 2009

Fri, Jun 26 2009, 01:30 GMT
by Abdul Khan

Income Generation Strategies


Overview

An all to confusing session overnight - I cant seem to find any sensible reason to explain what happened last night. The USD came off, stocks went higher, along with commodities. The US data was nothing too spectacular either.

Best to stand aside in these sorts of circumstances and await a clearer picture.

Gold continues to firm in Asian trade today, but a break back under 930 could put an end to this recent strength.

For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.

Data for Today

US: U. of Michigan Sentiment

Trades for Today

USDCAD: Sell a break below 1.1520

Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:

http://twitter.com/forexplus


Archive

Income Generation Strategies  | Level 26, Waterfront Pl. 1 Eagle Street, Brisbane, Qld. 4001
http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au

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