EUR/USD Daily Review
Simultaneous Release at www.thegeekknows.com
Good day to all!
Did you take precaution with regards to Benarake’s speech which i mentioned about in the previous article? I hope you did as it was one big mambo jambo whipsaw!!
The aftermath? EUR/USD drops to a previous important line. ( A line that is on my chart and these calls for…. I LOVE IT WHEN MY CHARTS DO WELL ! )
Add in poor data from the US Producer Price Index and Industrial Production, S&P 500 falls into a slight red.
Oil having moved to the top of the range earlier, settles now at $78+ currently.
GOLD.. oh my GOLD having made records at $1140+ earlier, humbles around $1130+. There seem to be no stopping gold now. What is the deal with it? Is there a worldwide coverup that the gold mines are depleting? Now where is Mulder? ( He has not return since the other time i sent him on an investigation in a previous article )
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While the market digests the speeches and news releases of the day, it is important to note that in eyes of the big boys, these currencies movement are probably noises. These moves seem gigantic to us because of the nature of leveraged accounts.
If you ask me, the weekly chart still look pretty much bullish! ( I will probably do one article on this soon )
I have just checked on the S&P 500 again and it has turned slightly bullish. Well, the day is still early and no one knows what will happen next.
There will be a FOMC member speaking soon so be careful of bumps and ECB President Trichet, the MAN! speaks in about 17 hours time. So you may want to watch out there too. Important news are stacked tomorrow.
Watch the equities for clues and risk seeking sentiments may push the currency pair up to test 1.4910+ and then 1.4950+.
Any poor data or crazy reactions to more ” a strong dollar is important ” talk may send the pair down to meet 1.48000.
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It was raining heavily today. Perfect weather to ZzZz at home! Furthermore i am sick. But the need to maintain the bread on my table requires that i report to work… with a smile! ( A forced smile at least HA! ) Makes me dream again about forex showing me the millions!
SLAP SLAP* i better make sure i stay clear of margin calls first.
The Koala wishes you Trade safe and well!!!
Read more Forex Articles and Views by The Koala at www.thegeekknows.com
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EUR/USD Daily Review
