Featured \Nick Nasad \ 3:51 PM EST \ March 2nd, 2010
The Australian Dollar rallied in today’s session following a hike of 25 basis points from the Reserve Bank of Australia. The Canadian Dollar extended gains following an upgrade in assessment of the economy and firmer inflation expectations. The Euro rallied vs the Dollar following a test of 1.3450 as Greece plans to lay out more budget cuts to get its fiscal house in order.
DRodriguezFX: I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. 13 minutes ago from TweetDeck
DRodriguezFX: In short: COT data still shows an overhang in USD-long positions vs EUR, and options traders betting on/hedging against EURUSD strength. 43 minutes ago from TweetDeck
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Daily Video Recap: RBA Hikes Rates, BOC Sounds Hawkish Tone
Featured \ Nick Nasad \ 3:51 PM EST \ March 2nd, 2010The Australian Dollar rallied in today’s session following a hike of 25 basis points from the Reserve Bank of Australia. The Canadian Dollar extended gains following an upgrade in assessment of the economy and firmer inflation expectations. The Euro rallied vs the Dollar following a test of 1.3450 as Greece plans to lay out more budget cuts to get its fiscal house in order.
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