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Forex Trading


RobAde

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In reply to: Yurxter on Tuesday 18/09/07 07:12pm

Agree Yurxter, it will be a very short rally though (if 0.50 cut), as this will also translate to the US market. But the overall picture won't change, the Dow will be sold down later in the week, and then pulling down the AUD and USD/JPY with it.

 

The 0.25 cut will cause the DOW to be sold down much more faster. Hence watch for AUD/JPY short.

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In reply to: crowman28 on Tuesday 18/09/07 11:56pm

Yup ... that's how I see it too, but there could be some nice rallies meanwhile. Still waiting for a big fat sell off. Don't think we get it yet, although things certainly don't look good. Next reporting season should be a real shocker.

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gbp/usd looks overbought

 

BOE injected another 4bill pounds last night. should see continued weakness up until BOE meets to discuss rates.

 

Crow, aud/jpy has been smashing me of late. Cable has been good to me so i guess we just have to trade what works best http://www.sharescene.com/html/emoticons/smile.gif

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