Sunday, August 16, 2009

Forex Trader's Weekly Bullet Points

USD - Are we seeing the market turn traders have been waiting for?
GBP - Still pulling back from QE News & the UK CPI may push it lower
EUR - Trading sideways waiting to see continued economic recovery strength
JPY - Trend is mixed with conflicting econ news & key GDP report upcoming
CAD - Under pressure as oil fluctuates & sentiment sours, intervention discussed
CHF - Continues to see range bound price activity
AUD - Could gain strength as RBA sees reasons for higher rates
NZD - Potentially set its 2009 high on the S&P's strength and turnaround

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