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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
http://www.youtube.com/watch?v=tZ_CWFjFrvw&feature=em-uploademail
The main question is if the binary options have enough strength to push further higher. The U.S. Dollar index is traded lower which influence the recent weakness of the greenback against its peers. However, it seems that a significant support has been touched currently at 10000. It is possible to find enough binary put option buyers to back the American currency against the Australian peer.
Moreover, current market level corresponds to 70.70% of retracement of the move from 1.0860 to 0.9580. It is not the strongest level. However, the binary traders are paying attention to the signals it gives them. 1.0545 is today`s high. The binary options start retreating trading at 1.0505 at the moment of writing this article.
Potential short-term targets are 1.0465, followed by 1.0405.
Upward targets 1.0600 or 78.6% of retracement.
Source:http://www.binaryoption.com/binary-options-trading-markets/binary-forex-options-trading/will-binary-audusd-be-able-to-continue-upward.html
GDP 7.6% vs. exp. 7.7%.
GDP 1.8% vs 1.6% in Q2.
...seemingly as powerful as a duck fart in windstorm so far...(most likely desired effect..)
"The U.S. dollar will maintain its strength in the medium
term, given lingering risks with regards to the European debt crisis,
while a slow US recovery is also likely to lend support to the dollar,
the official China Securities Journal said.."
EURusd 1.2326 retest.
Gold buying interest ot jump: 1660
usd cad: objectif reached at 1.01120 38 ret fibo waiting for 76.8 ret fibo.
Frozen Orange juice 125
Soybean 1540
wti Aug12 86.80 testing 86.60 to go below at support level.
There will be always one beneficiary and it would be the cable
http://www.fxsolutions.com/blog/ae/?p=91
Ashraf
...the USD does look 'ripe' for a continuation to the downside with this weekend's event and CB's apparently 'at the ready'...10000 handle will be interesting...through there, watching 9924-9873 zone for support...9800 handle last resort...