Archive for February 27th, 2010

Forex Weekly Trading Forecast - 03.01.10

Saturday, February 27th, 2010

US Dollar at a Crossroads: Further Gains or Finally a Pullback?
Euro: ECB Decision a Write Off, Financial Troubles the Real Threat
Japanese Yen Could Remain Directionless Despite Week Of Event Risk
British Pound Selling to Continue on Interest Rate Outlook
Swiss Franc Torn Between Major Trends in Other Currencies
Canadian Dollar to Face 4Q GDP, Bank of Canada Rate Decision
Australian Dollar Could Snap Back to Trend with an RBA Surprise
New Zealand Dollar Forecast to Track S&P 500’s Every Move

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Dollar Ends the Week Relatively Unchanged as Traders Weigh Global Risk against NFPs

Saturday, February 27th, 2010

•    Euro Regains Some Lost Ground, though the ECB and Greece will Keep the Currency Under Pressure
•    Pound Extends its Plunge despite Positive Growth Revisions and Improved Sentiment
•    Australian Dollar Could Extend its Lead Over its Peers with an RBA Rate Decision and 4Q GDP

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British Pound Hits Downside Target, Australian Dollar Sold

Saturday, February 27th, 2010

Our British Pound short position has met its initial objective and we have revised the profit target lower to 1.50. We have also added a short Australian Dollar position  and remain short the Euro and long the Yen against the US Dollar.

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