FX Weekly Report
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Ranges expected to continue this week
Mon, Jan 12 2009, 01:56 GMT
by Pierre Charlebois
Trading Metro | View company's profile

Although I'm suggesting the ranges should hold up this week this still opens the
door to high volatility. Technically most currency pairs are still in a
corrective mode of the larger moves that took place in the last quarter of 2008.
I would for ranges to continue this week as no clear directions have taken
place. What I would expect in the months to come would be renewed moves
continuing the what was started in the last quarter however I would expect this
is still 3 to 6 weeks away.
Published on
Mon, Jan 12 2009, 01:59 GMT
Archive
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