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FX Levels for Today. August 4, 2009
Tue, Aug 4 2009, 03:08 GMT
by Abdul Khan
Income Generation Strategies
Overview
Stocks continue to lead the global markets, and the USD feels the full brunt of the selling. Baiscally, there isnt a great deal on the horizon that could see the tide turn significantly in the short-term.
EURUSD broke up through that 1.4340 area I mentioned yesterday. This area now becomes good support.
The AUD remains well supported on the back of solid retails sales data earlier today, and positive comments from the RBA following their meeting today.
Please see below for today's trade ideas
For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.
Data for Today
EU: PPI
UK: PMI
US: PCE Deflator
US: Pending Home Sales
Trades for Today
GBP: Sell a break of 1.6900
GBPCHF: Buy a break above 1.8030
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, Aug 4 2009, 03:14 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
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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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