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The Wild Card Crude Oil 3 Sep 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Sep 3, 2009.

  1. forexqs.blogspot.com

    Aug 20, 2009
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    The Wild Card Crude Oil 3 Sep 2009

    Thursday, 3 Sep 2009
    U.S. Unemployment Claims to Set the Level for the USD Today

    The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Services PMI for Britain at 08:30 GMT, the EUR Minimum Bid Rate at 11:45 from the Euro-Zone, and the ISM Non-Manufacturing PMI from the U.S. at 14:00 GMT. What are you waiting for traders! Open your positions in the USD, EUR, GBP, and AUD now.
    The Wild Card
    Crude Oil
    Despite much bearishness for the black gold this week, the popular commodity went through some flat trading yesterday. Crude currently stands at the $68.10 level. Both the RSI and the Stochastic Slow of the daily chart indicates that there will be much bullish behavior for Crude today. Going long with tight stops may bring big profits for forex traders today.

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