The Wild Card GBP/AUD 18 Sep 2009
Friday, 18 Sep 2009
Dollar Edges Up Against EUR, Crude Falls with Stocks
The Dollar took a break from its bearish run versus the EUR yesterday, but the long term trend could continue today. Driving yesterday's reversal were losses in U.S. equities and stronger manufacturing data from the U.S. Today's trading will be highlighted by key data releases from Europe and Britain, perhaps returning the EUR/USD to its bullish streak.
The Wild Card
The hourly chart is showing buy signals today as a bullish cross has appeared on the chart's Slow Stochastic, hinting towards an upward correction ... read more