Posted on February 9, 2011 at 7:30 in Uncategorized by dpinkertComments Off

This morning the Fed Chairman will speak and his conviction on QE2 will be the key. Should he reassert the continuation of it one more pullback in DXY to 7750-40 should occur setting up better selling opportunities in EURUSD above 1.3700. If not the DXY bottom will be confirmed. The S&P is also starting off lower on the day and we are in the time and price window for the anticipated downside correction which would also be Dollar positive as Global players reasess and take off risk. Good hunting