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Dollar weakness prevails vs. Yen
Mon, Oct 6 2008, 05:34 GMT
by Anthony Samaha
ForexSurvivor
1 minute with ForexSurvivor
A. (06 October Europe) Latest Impact: Dollar weakness prevails vs. Yen
The dollar new trend is on the show starting from USDJPY and target is becoming below 100 for the short term and below 85 by year end – the projected target towards 85 is in place and may go there within a high speed due to the mal-function introduction of the Rescue Plan of the $700billions that Mr. Bush has asked for and received approval within the 2nd round of voting.
US: $700billions Rescue Plan to solve which crisis? In the first round of voting we noticed that the rescue plan failed; in the 2nd round of voting the rescue plan received a pass. What happened between the 1st round of voting and the 2nd one and why the agreement was not ok in the 1st round? Did it cost more dollars to Mr. Bush to let his members agree!!!
B. Signal
GBPJPY: Long 18150 – Keep target open for now (it is an adding position to the previous open position)
Limit Order Valid till 06 October
C. Mission Accomplished:
n/a
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on
Mon, Oct 6 2008, 05:36 GMT
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Legal disclaimer and risk disclosure
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.
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