FX Options trade alert
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FX Options trade alert
Mon, Oct 6 2008, 13:53 GMT
by Trading Central Team
Last week, the U.S. Dollar has gained ground against all other currencies as the fears of a systemic risk diminished.
Thanks to that, our last LONG USD/CAD recommendation exceeded our initial targets. This strength is also due to the fall in oil prices led by fears of worldwide economic growth.
On a technical point of view, the USD/EUR and the USD/GBP remain well oriented but their daily RSI lack upward momentum. The USD/JPY is still under pressure and is challenging its support. The USD/CAD has rebounded well on its new strong support (as expected) and is challenging its previous high. The USD/AUD and the USD/CHF are on the upside but the trends seem to be weakening.
On the macro-economical perspective, few statistics are due this week with some real-estate figures on Wednesday and import prices on Friday. The market will have a look on the Paulson bailout plan to check what could be its real cost for the U.S. and, thus, for the green back. We will keep you informed of our strategy.
Please find attached our virtual portfolio.
Published on Mon, Oct 6 2008, 13:53 GMT
Archive
- ISE British Pound OUTLOOK
Published On Thu, Jul 2 2009, 13:52 GMT - ISE Yen OUTLOOK
Published On Mon, Jun 29 2009, 11:10 GMT - ISE Australian Dollar OUTLOOK
Published On Tue, Jun 23 2009, 15:22 GMT - ISE Swiss Franc OUTLOOK
Published On Mon, Jun 22 2009, 11:14 GMT - ISE British Pound OUTLOOK
Published On Wed, Jun 17 2009, 14:09 GMT
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