FX Options trade alert
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FX Options trade alert
Mon, Dec 1 2008, 12:14 GMT
by Trading Central Team
Trading Central
Last week was the opposite of the previous one as the U.S. Dollar lost ground at the beginning of the week and regained strength during the last days. On a technical point of view, the USD/EUR is on the upside and is approaching its next resistance level, the USD/CHF, which is much correlated to the Euro, remains within a MT bullish channel. The USD/GBP is turning down as the RSI is on the downside. The USD/JPY is under pressure and remains capped by a declining trend line. The USD/CAD has struck against its strong resistance at 130 and its outlook is mixed for the moment. The USD/AUD is shaping a potential complex head and shoulders pattern as the RSI is on the downside.
On the macro-economic perspective, very important statistics are due this week with the ISM Manufacturing later this morning, the ADP figures and the ISM Non-Manufacturing on Wednesday and, last but not least, the Non-Farm Payrolls data on Friday. Will keep you informed of our strategy.
Please find attached our virtual portfolio.
Published on
Mon, Dec 1 2008, 12:14 GMT
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