Market Focus: 10:00 AM Construction Spending, ISM Index, 2:00 AM Germany Retail Sales.
Daily Strategy: The trader’s focus is over the interest rates politic of the major banks. It is sure that European Central Bank will cut the interest rates after the confirmation by Trichet. The speculations come with the size of the interest rates cut. It is expecting at least 50 bps cut to levels of 125 bps cut. For today the trading of Euro/Dollar will move up to levels of 1.2760 where is possible turn back below 1.2640.
Signals (Position Summary)
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Page | | Position | | Price | | Target | | Stop | |
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Page | | Position | | Price | | Target | | Stop | | |
EUR/USD | | More | | LONG | | 1.2710 | | 1.3080 | | 1.2545 | |
USD/JPY | | More | | LONG | | 95.45 | | 97.40 | | 94.45 | |
GBP/USD | | More | | LONG | | 1.5330 | | 1.5885 | | 1.5155 | |
USD/CHF | | More | | SHORT | | 1.2185 | | 1.1575 | | 1.2245 | |
EUR/CHF | | More | | SHORT | | 1.5440 | | 1.5130 | | 1.5610 | | |
EUR/GBP | | More | | SHORT | | 0.8500 | | 0.8185 | | 0.8325 | |
AUD/USD | | More | | LONG | | 0.6400 | | 0.7015 | | 0.6400 | | |
AUD/NZD | | More | | LONG | | 1.1800 | | 1.2350 | | 1.1685 | |
USD/CAD | | More | | SHORT | | 1.2400 | | 1.1890 | | 1.2505 | |
EUR/SEK | | More | | SHORT | | 10.3500 | | 9.8150 | | 10.5600 | |
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Safe Trading And Good Luck :D
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