Another day and still so much uncertainty remains. The USD/CAD is once again the only pair that seems to be stuck at its current level which weve been supporting over the past few weeks. The Kiwi made a nice breakout but, in this market, it may not be long before it goes the other way. Divergence between the majors is still the number one problem as different pairs are going in different directions. Well be keeping an eye on US econ data as well as Bernankes testimony followed by Trichet at the Council of Global Affairs, in Chicago. Big news this week will be the US Fed Funds rate, FOMC statement along with RBNZ Cash Rate and statement, at the end of the day on Wednesday.
Dont forget, we will be hosting a Live! Trading session today, Tuesday, April 27, 1400 GMT/10am EST (London is GMT +1). Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.
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