The Advisor Weblog |
| Posted: 04 Nov 2009 02:25 AM PST Hi everyone, welcome back. As warned in last post, gold breaking higher changed all: dollar recovery against major rivals dilute quickly, and majors run higher, leaded by Gbp that reached the 1.6450 area, while Euro regained the 1.4700 level to stay. Commodity currencies also printed a strong recovery that extends early Europe as gold keeps approaching to $ 1100/oz. Ahead of FOMC, dollar could weak further if the FED maintain it’s “exceptionally low, for an extended period” stance regarding rates. Yet day is still young, let’s see what technicals have to say. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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