Friday, 19 March 2010

Rumors going around that Fed to hike discount rate

Dollar has taken flight on these rumours  with USDX back through the hourly 200 sma.. Although fx markets seem to be buying  this, Gold and Silver may be telling  us something...anyone wanting to play against this current USD rally may want to sell Usd/Chf at 1.0640/50  with a  70 stop or close over the hrly 220 sma.
Euro wise stay away from the long side as this Greek business continues to cast doubt over the whole Eurozone economic/currency union. Euro is currently being beaten worse than a red headed stepchild as a result...

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