FX Weekly Report

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Is there support yet for EUR and GBP
Sun, Oct 12 2008, 22:46 GMT
by Pierre Charlebois
www.TradingPostFinancial.com




We have seen unprecedented
volatility on many currency pairs. But the one that stand out is the
USD/CAD. 670 pip range in a single day of trading. There has not been a
swing in this currency pair in their known modern history float, which
is over 30 years.
Because of the uncertainty in all markets the USD and JPY rein
supreme as positions are unwound in all other equities and commodities.
I would expect continued strength in both these currencies in
the medium and long term. For this week I expect some consolidation
before resuming the current trends.
Published on
Sun, Oct 12 2008, 22:49 GMT
Archive
- Is the Dollar ready to strengthen again?
Published On Mon, Dec 1 2008, 02:14 GMT
- When will the USD range finally give way?
Published On Mon, Nov 24 2008, 00:23 GMT
- We are at important levels coinciding with the G20
Published On Sun, Nov 16 2008, 17:02 GMT
- Are traders going to finally capitulate on the USD?
Published On Mon, Nov 10 2008, 14:55 GMT
- It's all about the USD
Published On Mon, Nov 3 2008, 04:54 GMT
[ View All ]
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