Monday, December 7, 2009

Mid-Day Forex Report

Hello Traders and Investors,

Bernanke is on the docket in a few hours so that may keep things calm.

The dollar strengthened overnight and now with the equity markets sideways, there seems to be pretty sluggish trading activity/volume.

The GBP/USD is retracing last night's move - to about 50% - could be a good DOUBLE FALL LINE trade if it gets a little higher, but that probably depends on equities.



Be careful trading around Bernanke.

Happy Trading and Be Environmentally Cool

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