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Tuesday, October 31, 2006

Dollar Weakness All Across the Boards -

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Dollar weakness is all across the Boards.
EUR/USD flying up the high and aiming for 1.2830 in few days time.
Crossing 1.2765 resistance zone.
Currently trading 1.2779

USD/JPY trading at 117.06 levels, meeting 116.5 levels in few days. Coming down around 38 Pips.

Gold Pushing Up higher, after trading in Negative territory today, before the Economic Data, where traders had there focus.

We mentioned earlier today, we would see gold going 599, and Bounce shall emerge, which is what we saw, and Gold shall be pushing higher soon targeting again 610 levels.

Silver is following the Gold lead.

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