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Hello my friends, hope you are fine! I had stay late last night, watching CNN and Barak Obama’s speech, and market reaction: let me tell you what I see, uncertain times are only beginning. Fears are here to stay, and investors will take time to decide longer time trades in majors: dollar could get additional benefit as safe haven considering that there is a general idea that the bail out plan won’t be enough and the global economy will continue deteriorating. After the Asian storm, majors are correcting some of the “Obama’s rally”, but it worth to take a look at Japanese Yen: the currency seems unable to recoup past months strengh, and against greenback, is again pointing to further upside movements. Here is the link for today’s calendar, be right back!
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!