usd
What are your thoughts on XAU? Love to hear. Thanks! Alex
The FOMC minutes were a disappointment for the USD yesterday - and Obama's stimulus package is unraveling as the US goverment may continue buying MBS securities in an effort to stave off the crumbling of an empire. But hey, at least he's $1M dollars richer after winning the Nobel. Maybe Obama will make an anonymous donation to Fox news.
The Euro rally toward 1.50 versus the Dollar continued as Industrial Production gained for the 4th consecutive month. Industrial Production came out at 0.9% as expected. EUR/USD traded with a low of 1.4838 and with a high of 1.4946. Today, ECB Monthly Bulletin will be released and will provide detailed analysis of current and future economic conditions. European Core CPI is expected slightly weaker with 1.2% versus 1.3% prior.
Resistance
1.499
1.501
Support
1.486
1.48
1.476
Hello all, As I said yesterday long the USD, it was in fact a nice day!As for today, it is a bit more complicated cuz it is back down and the US economy is still pretty unstable, there are no big news today, I personally expect a volatile day, more towards the short positions.
Dow 10,000 EUR/USD 150 - what do we think about that? Will the greenback continue to slide through the NY session today or can it reverse the trend? I'm looking at buying USD and selling XAU for a quick hit before the US session. With TIC Net Long term Transactions being reported, wish me luck.
The Euro continued to rise versus the Dollar trading with a low of 1.4843 and with a high of 1.4968 reaching the highest level since September 08. European consumer prices fell for a fourth month in September as energy prices dropped and companies cut jobs and reduced costs to weather the global economic slump.
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Hello all,
As I said yesterday long the USD, it was in fact a nice day!
As for today, it is a bit more complicated cuz it is back down and the US economy is still pretty unstable, there are no big news today, I personally expect a volatile day, more towards the short positions.