The Wild Card Crude Oil 28 Aug 2009
Friday, 28 Aug 2009U.S. Consumer Spending Report at Forefront of Forex Trading Today
Forex trading to today are set to be driven by a batch of data from both the U.S. and Britain. The main release from the U.S. today that traders are waiting for is the Consumer Spending, also known as the Personal Spending report from the U.S. at 12:30 GMT. Forecasts put the figure at roughly 0.2% in July, about half the increase of June. However, the rise is mainly owed to the cash-for-clunkers program. Despite this, a positive figure may actually hurt the USD, as such a result could increase risk appetite. Therefore, in order to take advantage of end-of-week market behavior, open your positions in the USD, EUR, and GBP now.
The Wild Card
Crude Oil
Crude Oil has resurrected yet again as the top bullish commodity in Thursday's trading. The black gold currently stands at the $72.60 level. Today's technical data supports another possible upward move for Crude. This is mainly supported by the hourly chart's Stochastic Slow and 4-hour chart's MACD. So if you forex traders want to take advantage of this popular commodity now, then enter Crude as soon as possible as end-of-week trading kicks in
Please visit our sponsors
Results 1 to 1 of 1
-
28-08-2009, 12:23 PM #1
- Join Date
- Aug 2009
- Posts
- 31
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
The Wild Card Crude Oil 28 Aug 2009
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.