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Old 08-07-2005, 08:26   #1 (permalink)
FXGenius
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Where The Market Will Head From Monday

With extremely violent dollar bull run for long time without reasonable correction, I think that today's NFP will end the of dollar bull run, atleast for now, may be for a month or so.

From fundamental point of view trend reversal seem unlikely at this moment, due to strong US figures and weak UK and EU figures.

With banks' financial year closing by the end of June and early July, it seems that heavy profit taking may also help other currencies to recover from heavy losses and take a breath of relief.

Last edited by FXGenius; 08-07-2005 at 08:30.
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