Thursday, September 20, 2007

Dollar is falling after CPI fell 0.1%

Extreme Caution required for today's trade ! as US CPI fell 0.1% with a 0.2% core increase. Housing starts at 1.33mn
Recommendation: Try to exit on all positions at earliest, the USD/CHF could expected more down by 50 pips towards 1.1700 and and EUR/USD is expected to rise further by 50 pips towards 1.4100.. Caution required for next few days...

Best Regards
Fxforecaster Team
www.fxforecaster.com

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