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Thursday 16 September 2010

2010-09-17 00:00 GMT +1

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btu7uyt


As for today:
Nice formation on GU 4H chart that makes me think of buying it tomorrow morning. JPY weakened over the board yesterday, what makes me think there was some key BOJ intervention, and further losses can be expected.
AUDUSD is testing last year high, and I see a large chance for it to break higher, I think par with USD is within a reach in few months.
Gold is a bit worrying, as new highs may be a sign of a recession, however I am convinced that this pair will appreciate over time to discount inflation, however such a move will show some retracement, therefore I will not think to buy it this high. I like also DJI performance that undermine double dip concept.

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