Forex Action - USD Rally Peaks?

Posted on Fr 21 Dezember 2007 in misc • 1 min read

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    I loaded up my trading screen this morning and saw some strength in the AUDUSD and XAUUSD pairs after their precipitous tumble over the past few weeks. EURUSD seemed to have firmed up after bouncing from the $1.4310 level and my carry trade losses are less than a few days ago. I'm beginning to wonder if the USD rally is just about over or if we're seeing the beginning of a small bounce?

    Still I'm sitting on an average loss of 244 pips for the EURUSD, 140 pip loss for AUDUSD, and a 1070 pip gain for the XAUUSD. Well at least Christmas is coming up!