Monday, 14 Sep 2009
Obama Speech to Impact Dollar
The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out of Euro-Zone and Britain are likely to affect the greenback's main currency crosses.
The Wild Card
Gold
Gold prices rose significantly in the last week and peaked at $1003.45 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
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Thread: Wild Card Gold 14 Sep 2009
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14-09-2009, 12:44 PM #1
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Wild Card Gold 14 Sep 2009
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