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FX Levels for Today. July 13, 2009
Mon, Jul 13 2009, 01:38 GMT
by Abdul Khan
Overview
The market continues to move between risk averse and risk tolerant. Once again it seems that the FX market is looking to the stock market for a lead. On Friday we saw another move back into safety as we saw the Yen and USD firm, while the AUD and commodities weakened. In Asian trade today we've seen the reverse happen, but traders remain cautious.
With US reporting season will hot up tomorrow with Intel and Goldmans reporting. The stock market's movements suggest a "sell the rumour-buy the fact" approach. We could see firmer stocks later in the week.
Gold will continue to lack favour in the early part of the week, and thus remain directionless.
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: Budget Statement
Trades for Today
JPY: Buy a break above 93.20
Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:
http://twitter.com/forexplus
Published on Mon, Jul 13 2009, 01:45 GMT
Archive
- FX Levels for Today. August 14, 2009
Published On Fri, Aug 14 2009, 01:34 GMT - FX Levels for Today. August 13, 2009
Published On Thu, Aug 13 2009, 02:20 GMT - FX Levels for Today. August 10, 2009
Published On Mon, Aug 10 2009, 01:55 GMT - FX Levels for Today. August 6, 2009
Published On Thu, Aug 6 2009, 02:04 GMT - FX Levels for Today. August 5, 2009
Published On Wed, Aug 5 2009, 02:07 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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