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Risk Appetite Stimulates the Majors… But for How Long?

Posted on February 8, 2009 at 21:43 in Market Analysis by Tim Salem

 

Welcome back to a new week, Everyone!

We continue to see the majors roll on during the Sydney Open on Sunday, with no real exhaustion in Price.

The Macro-Economic Data this can be “attributed” to is the next phase of completion with the Congressonal U.S. Stimulus Package… but you know me… the “Why” does not really concern me or other Technicians and Chartists.

It simply Is what it Is….

Both the Euro and the Pound illustrate this nicely, so let us continue on, since we have spent the last few days with these two Units.

 

Once again, here we are on the Euro Hourly and the Pound 4-Hour Views.

Give them a click, and Post-Time tonight (for me) is 2:45 GMT.

 

 

 

 

 

 

 

 

Of course, we will re-visit these with some Updates as we move through the day…and really see how “strong” they remain…

As always of late..we may just be seeing large Macro-Corrections and Retracements.. and we will check this idea later today!

;-)

 

 

Tags: Congress, EUR/USD, Fibonacci, GBP/USD, retracement, Risk Appetitie, Stimulus Package

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