Tuesday, August 2, 2011

Forex for Aug 3, pre session

Ozzies are not so bullish now. I'd make the odds about 3:2 for strengthening of the USD Wednesday. Probably better odds will show up late in the week. The Euro continues to slide against the USD. The miracle is that it hasn't been hit hard. BP...??? and the $C is likely to continue to fall against the USD. On the USD/$C chart, look for a run to 9780 or higher.

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