Saturday, December 15, 2012

Forex daily review: US fiscal cliff? Not in AUD/CAD

The fear of the US fiscal Cliff moves a gang after the U.S. presidential election. The heavy selling on the stock exchange in the past week came from real estate investment funds, asset managers and traders who sold the stocks at the end of the year 2012 as we. Barack Obama is to meet Congressional leaders in today's meeting so that all of the updates from the meeting of the U.S. indices and the dollar on the foreign exchange market can touch
China is Zhu Guangyo (Vice Finanace Minister) which could weigh U.S. fiscal Cliff around 1.2% on China's economic growth a possible reason for the heavy at the time of writing this article in EUR/USD sell. Meet the focus today on Barack Obama and the German lower House of Parliament votes on budget 2013.

Due to the light economic calendar and the fact that next week to become the great sessions I'm choice on AUD/CAD 4 hr chart. There is a pretty strong uptrend in the FX cross, is limited by the recent weakness. Strong gains are likely to be seen in AUD/CAD.

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