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FX Levels for Today. July 7, 2009

Tue, Jul 7 2009, 03:21 GMT
by Abdul Khan

Income Generation Strategies


Overview

A surprising turn-around overnight - USD was firm in London, only to reverse all gains in NY as the EUR, GBP and AUD bounced.

With US reporting season starting this week, the stock market's movements suggest a "sell the rumour-buy the fact" approach. We could see firmer stocks later in the week.  

Gold tried to bounce in line with the EUR overnight, but looks like it's headed lower before it turns again.

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

Data for Today

UK: Industrial Production

Trades for Today

EUR: Sell moves towards 1.4010

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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