1 minute with ForexSurvivor

 

 

A.        (03 November Asia) Latest Impact: From Hell to Hell!

 

October 2008 has been described as the diabolical month in the financial industry. The financial meeting, on the 15 of this month, if it comes up with no NEW strategy to halt the collapse, the ill behavior of the Derivatives, to stop bailing out already dead systems, then kiss the dollar goodbye – I think we are heading towards that kiss, as countries will attend the meeting to see only how best can support its own interests.

 

As for this week, the other hell is the fundamentals that are of interest from NFP, BOE, ECB, & US Election. All these will form a top for the dollar this week, and will endorse another usdjpy speedy tumbling hoping a reach of 88 which has become a target for long term target traders. A stop for that trend is set at 10645.

 

 

B.        Signal

n/a

Limit Order Valid till 08 November

 

 

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. ****