Monday, October 18, 2010

ACM Reports:

The US Dollar continued building on its positive closing from this past Friday, gaining against its major counterparts and keeping commodity & equity prices lower during the Asian session. Equities have been flat, with the Nikkei trading -0.02% lower but perhaps the brunt of the selling took place in EURUSD which was -69 points lower and GBPUSD which was -54 pips lower at the time of writing. The Dollar was supported by the hangover of Ben Bernanke’s speech from this past Friday in which the Fed chairman said he saw a case for further action and that inflation was moving downwards. Perhaps his lack of details regarding the size and the time frame for the asset purchase program kept Dollar bulls interested.
Looking ahead, the forex economic calendar is rather light and we look forward to the US industrial production reading at 1315 GMT.

4 comments:

  1. Hey Ya'll,

    I've included a list of the highest ranking FOREX brokers:
    1. Best Forex Broker
    2. eToro - $50 min. deposit.

    Here is a list of the best forex tools:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Indicators Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    Hopefully these lists are benificial to you...

    ReplyDelete
  2. Forex Trendy is a sophisticated software capable of detecting the most profitable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every prospective breakout.

    ReplyDelete
  3. Quantum Binary Signals

    Get professional trading signals delivered to your mobile phone every day.

    Follow our trades today & gain up to 270% per day.

    ReplyDelete
  4. GPS robot tripled the $100k deposit [live proof]

    I just got done with a webinar with Mark and his partner, Antony, two days ago and it was AMAZING.

    During the webinar Mark and Antony shared their secrets to success and answered questions about their new version of the GPS Forex Robot that is coming out TODAY!

    ReplyDelete