Daily Archives: December 18, 2007

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AUD/USD gives buyers another chance.

Bank FlowBy Dustin Pass December 18, 2007

In my last post I said that if you did not get a chance to get in at .8550 you would likely get another chance. That level was retested today and since then we have see amove of over 50 pips so once again another example of patience paying off. I was not in front…

Weekly outlook for majors

Forex Market UpdatesBy frozen December 18, 2007

General market comments: Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term pullback in the Dollar which we will use…

Nzd

Bank FlowBy Dustin Pass December 18, 2007

Will look to take sell once Nzd reaches back to 7680 so aggressive traders could buy it for the ride back up. I would prefer it from 7530-50.

Tight markets

Bank FlowBy Dustin Pass December 18, 2007

Markets are tight again making it difficult for trades that have best odds. But that might be a good thing since we approach holiday weeks. No reason to give back any money made this year going into year end just because you want to take a trade. Because of tightness will raise sell on jpy…