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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
Published on
Tue, Jul 7 2009, 03:31 GMT
Archive
- FX Levels for Today. August 14, 2009
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- FX Levels for Today. August 13, 2009
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- FX Levels for Today. August 10, 2009
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Income Generation Strategies
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