FX Weekly Report

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USD on cusp of break−out − But will it happen in earnest?
Mon, Oct 5 2009, 03:45 GMT
by Pierre Charlebois
Trading Metro
Last week we saw continued USD strength albeit choppy at times and not all
currencies saw big moves. The GBP was one currency that held up fairly well for
the week.
What happens this week could determine the overall long-term trend. At this
point it looks like the week could start with Dollar weakness. There is still a
lack of evidence that suggests a run towards the USD is underway, so use caution
and look more for range trading rather than break-outs.
USD Index - Will the break-out follow through?

EUR/USD - Retracement or reversal?

GBP/USD - Lack of follow through to the downside could produce strong upside

USD/JPY - Could be bottoming

USD/CHF - Long term trend-line still intact

AUD/USD - Final thrust?

USD/CAD - New low coming?

NZD/USD - New high possible?

EUR/JPY - Low rejected?

Published on
Mon, Oct 5 2009, 03:51 GMT
Archive
- Which way is the trend now?
Published On Sun, Nov 15 2009, 20:56 GMT
- Dollar trying to break-out. Will this be the week?
Published On Mon, Nov 9 2009, 05:30 GMT
- Daily volatility is increasing in all markets including Forex
Published On Mon, Nov 2 2009, 01:34 GMT
- More USD strength is likely but I still question the overall trend
Published On Mon, Oct 26 2009, 04:44 GMT
- Dollar strength still not a given... But
Published On Mon, Oct 19 2009, 02:27 GMT
[ View All ]
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