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FX Options trade alert
Tue, Aug 5 2008, 07:50 GMT
by Trading Central Team
Trading Central
Last week, the U.S. Dollar continued to strengthen against all currencies thanks to stronger than expected Non-Farm Payrolls figures and Manufacturing ISM. From a technical point of view, the USD/EUR and USD/GBP are approaching their next resistance levels. The USD/JPY has rebounded on its intermediary support and should post a further up move.
On the macro-economical perspective, Personal Income and Spending are expected today and the Non-Manufacturing ISM is due tomorrow. We will also wait for the Fed decision on Interest rate on Tuesday, which is expected to stay on hold. We will keep you informed of our strategy.
Please find attached our virtual portfolio.
Published on
Tue, Aug 5 2008, 07:52 GMT
Archive
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