Wed, Jul 1 2009, 03:50 GMT
by Abdul Khan
Overview
Alot of data out tonight on both sides of the Atlantic. Not sure which way it's headed, but given that the USD strengthened yesterday, we might see it go the other way today as the market remains rangebound.
Best to trade for small gains in this sort of market.
Gold will have resistance now around 935, with good support down around 915.
For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.
Data for Today
GER: PMI
EU: PMI
UK: PMI
US: ADP Employment report
US: Pending Home Sales
Trades for Today
AUDJPY: Sell a break below 77.00
EURAUD: Buy a break above 1.7450
AUDUSD: Sell strength towards 0.8120
Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:
http://twitter.com/forexplus
Published on Wed, Jul 1 2009, 03:56 GMT
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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