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يمن فوركس | yemenforex

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Dec 11, 2008, 3:31:51 PM12/11/08
to قروب قوقل يمن فوركس
 Highlights

  • Interest Rates Cuts Abroad Send USD Lower

  • Watching EURUSD 1.3400 Resistance

Thursday, December 11, 2008 - New York Update - The overnight session was packed with interest rate announcements with cuts of 100 bps from Korea, 75 bps in Taiwan, and 50 bps in Swiss signaling calm in overseas markets spurring US dollar selling. The equity markets seem to be on hold however, with possible resistance to the auto bailout bill ahead from the Senate.

The good news is both the sinuses and US Dollar range have broken their recent consolidations in the last 18 hours. The depth of the US dollar drop has actually invalidated both US dollar scenarios and sent me back to the drawing board. If you think the market is tough to track through the lens of Elliott in here, rest assured many disciplines are getting mixed signals.

The possibility exists that this 32-day long consolidation is still wave (IV) and we have wave (V) to new lows ahead of us. I am watching equality between waves a and c at 1.3388, along with .382 retracement at 1.3356. Considering we are trading 1.3391, I am very anxious to see if 1.3400 holds. Watching in here. TG.

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
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yemenfore | يمن فوركس
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