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FX Levels for Today. July 9, 2009
Thu, Jul 9 2009, 05:31 GMT
by Abdul Khan
Income Generation Strategies
Overview
Another move back into safety overnight as we saw the Yen and USD firm, while the AUD and commodities weakened. With the Yen crosses coming off considerably, you have to start thinking about the BOJ maybe stepping in here somewhere.
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.
The buyers finally ran out of patience with Gold pushing the metal below its recent lows around 915 as the inflation story became rather deflated, hehe.
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: BOE Meeting
US: Weekly Jobless
Trades for Today
GBP: Buy a abreak above 1.6130
Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:
http://twitter.com/forexplus
Published on
Thu, Jul 9 2009, 05:35 GMT
Archive
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Published On Fri, Aug 14 2009, 01:34 GMT
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Income Generation Strategies
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http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au
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