Yesterday, the USD gained against most of the major currencies on speculation the Federal Reserve will signal that it has finished lowering Interest Rates after 6 reductions since September.
The dollar traded at 1.5559 vs. the EUR at 6:10 a.m. in Tokyo, after rising 0.6% yesterday and touching 1.5541, the strongest rate since April 3. Futures on the Chicago Board of Trade show an 82% chance the Fed will cut the target rate for overnight lending by a quarter of a percentage point to 2% today and odds of 71% that the rate will be held at that ... ( read more )
Archive for April, 2008
Recent Recommended Trades
*************************************************** Update Time: 24 Apr 2008 13:56GMT SPOT SILVER DAILY OUTLOOK – +16.80+ Silver’s decline fm 18.75 has resumed after break ing 17.01, suggesting further fall to 16.75 is seen but below needed to signal rise fm 16.37 has ended. Sell on recovery with stop as indicated, abv wud signal temp. low is possibly made n risk 17.41… Rate: +16.80+ Strategy: +Target met+
Recent Recommended Trades
*************************************************** Update Time: 24 Apr 2008 13:56GMT SPOT SILVER DAILY OUTLOOK – +16.80+ Silver’s decline fm 18.75 has resumed after break ing 17.01, suggesting further fall to 16.75 is seen but below needed to signal rise fm 16.37 has ended. Sell on recovery with stop as indicated, abv wud signal temp. low is possibly made n risk 17.41… Rate: +16.80+ Strategy: +Target met+
Recent Recommended Trades
*************************************************** Update Time: 24 Apr 2008 13:56GMT SPOT SILVER DAILY OUTLOOK – +16.80+ Silver’s decline fm 18.75 has resumed after break ing 17.01, suggesting further fall to 16.75 is seen but below needed to signal rise fm 16.37 has ended. Sell on recovery with stop as indicated, abv wud signal temp. low is possibly made n risk 17.41… Rate: +16.80+ Strategy: +Target met+
Recent Recommended Trades
*************************************************** Update Time: 24 Apr 2008 13:56GMT SPOT SILVER DAILY OUTLOOK – +16.80+ Silver’s decline fm 18.75 has resumed after break ing 17.01, suggesting further fall to 16.75 is seen but below needed to signal rise fm 16.37 has ended. Sell on recovery with stop as indicated, abv wud signal temp. low is possibly made n risk 17.41… Rate: +16.80+ Strategy: +Target met+