Wednesday, November 1st, 2017

Forex Daily Outlook November 9, 2009

Summary: With the NFP coming in slightly below forecast, and the previous months numbers revised for the better, the Dollar wasnt able to make any headwind, and just ended up swinging back and forth between 1.4820 and 1.4910. The Fed also continued to say that they will leave interest rates at extremely low levels for an extended period of time. Nothing major out of the G20 meeting; the Tobin tax was discussed that would levy a tax on most bank transactions, China was pressed for further Yuan appreciation, and the financing over climate change was discussed. The fact that the Euro didnt fall below 1.4800 opens up room for the dollar to continue losing ground. If youd like a more detailed analysis with potential trade opportunities, please join us in the members section.

View full post on Currency Trading Strategy

Related Sites

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!