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Forex Signal for 23/10/2009


Hello everyone,

Hope we are all doing great. Now back to the market. This market is not giving us much option at the moment. The stock tumbled down couple of days ago and the US dollar didn’t head up. Those fundamentals are letting me believe that we may have a big break coming soon.

We had a loss in the EUR/USD yesterday. So for the week we are sitting on -5 pips. Could have been worse but let’s try to focus on what may happen next week.

The US dollar is definitely not looking good at this point and the major stocks keeps heading north and looking strong for the future. Commodity currencies are definitely on a loose at this point, though they have been experiencing a ranging market for the past 5 days.

There will be no trades today again. I do apologize but better safeguard your account when market is indecisive.

Happy trading,
Ash Naeck

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