Featured \Nick Nasad \ 3:32 PM EST \ July 19th, 2010
The market brushed off a downgrade of Ireland by Moody’s as traders and investors look ahead to the release of Euro-zone bank stress tests. The 1.30 level held as resistance for the EUR/USD pair. The Bank of Canada meanwhile gets ready to raise rates by another quarter point tomorrow.
DRodriguezFX: Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. 5 minutes ago from TweetDeck
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. 20 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. 51 minutes ago from TweetDeck
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Daily Video Recap: Markets Prepare for Euro-Zone Bank Stress Tests
Featured \ Nick Nasad \ 3:32 PM EST \ July 19th, 2010The market brushed off a downgrade of Ireland by Moody’s as traders and investors look ahead to the release of Euro-zone bank stress tests. The 1.30 level held as resistance for the EUR/USD pair. The Bank of Canada meanwhile gets ready to raise rates by another quarter point tomorrow.
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