Thursday, March 22, 2007

Slow and Steady

Stocks did well overnight with the Nikkei up 1.49% along with the rest of Asia. The Shanghai exchange (Chinese) which was reported to be the catalist of the meltdown earlier this month is at a higher level then before it "Melted Down". Interesting, isn't it?

I am not getting carried away, but I am pretty confident in my assesment of the market's. I think the dollar struggles and the EM, both rates and currency, do well.

Today we have initial jobless claims (323K) and Leading indicators (-.4%). I feel that these numbers can only add to the trend and not reverse it for now.

Good Luck and Good Forex Trading.



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