The Euro and the British Pound rebounded in overnight trading as gains on Wall St and on Asian stock exchanges reflected strengthening risk appetite. Releases marked for European hours offer little new information, opening the door for follow-through in current sentiment to be amplified in illiquid holiday conditions and threatening a breakdown in the US dollar.
Another currency pair worth looking at for a potential selling opportunity is the CHF/JPY.
The dollar has been steady to lower in Asian trading today with interest said to be thin and muted due to the U.S.
Read the rest here:
Identifying Trades with DailyFX 11.27.08 (Daily FX)
Upcoming economic data event risk for Thursday, Novermber 27, 2008:
Thu, 27th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook After gain some bullish momentum since Friday, yesterday the EURUSD corrected lower. The pair bottomed at 1.2819 and closed at 1.2878 . This fact force my model to mixed with neutral bias
XLF Chart from Telechart 2007, Courtesy of Worden Brothers, Inc. Ok, that’s really it for the night. Have a great Thanksgiving and I will see you Friday or this weekend.
Timely Forex Trade Signals, Personal Service, Real Life Education As traders first and analysts second we try to make money in any market environment. In 2008, the BKT method has proven itself accurate despite the unprecedented turbulence in the financial markets
No comments – just wanted to post these and you can draw your own conclusions.
With the global economic downturn in full swing, one of the burning questions on everyone’s minds is who will be the first central bank to take interest rates to zero and how close will everyone else get? We are in a global easing cycle and the varying aggressiveness of central banks around the world means
on Your First Move For Tuesday January 27th
