April 6,2009
Gold is moving and breaking support to the downside and it should sell off in the next period - coming months.Stocks and EUR/USD remain undesided with mixed signals up and down. What is becoming evident is the posibility of a EUR/GBP fall. A EUR/GBP short position trade might be a nice idea.
17.00 Greece Time CAD Ivey PMI expected 46.7 - this report has been moving consistently lately.
If it comes out at 52 or higher, USD/CAD should rise about 30-40 pips.
If it comes out at 42 or lower, USD/CAD should fall about 30-40 pips.
Cheers
B
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