Monday, December 15, 2008

Extremely Bearish on USD

16.30 GMT, Wow,,, what a day! it's extremely bearish on USD. Markets look like anticipating The Fed Monetary Meeting on 16th December. It is expected to cut rate for 50 basis points more. I think, USD can still be bearish until mid European session. We will see after the news released, with this kind of volatility in financial markets, dollar can still show its power.

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