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FX Levels for Today. July 16, 2009

Tue, Jul 14 2009, 02:20 GMT
by Abdul Khan

Income Generation Strategies


Overview

China's data today points to a less than rosy picture.

Going into the end of the week i think we might see some profit-taking in US stocks, which will flow through to a pullback in the likes of GBP, AUD, and various Yen crosses.

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: Weekly Jobless

US: Philly Fed

Trades for Today

AUDUSD: Sell moves towards 0.8000

GBP: Sell moves towards 1.6320-40

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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