Thursday, February 01, 2007

Emerging Markets looking good

Brazil has broken through some important support (see Chart) after the Fed signaled (at least to me) that rates will be steady in the coming months. Mexico also broke lower on this news and interest rates in the region eased. Usd/Asia was hit hard o/n as the market took Paulson's comments and ran with them. China in particular was considerably lower, which must have made U.S. officials quite happy. As I wrote yesterday I reentered the EM waters in a small way and will try to add a little to the positions today.

These are the FX Trading Ideas for today

Good Luck and Good Forex Trading


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