Wednesday, December 16, 2009
US Markets, Forex - Dec16,2009
US Dollar- Global unrest and sovereign debt defaults becoming more frequent will result in a major advance in the dollar -(the standard of deferred payment for all international settlements) Target-90. EUR/USD near term target 1.40. AUD/USD near term .80. Once again any advances in US markets should be viewed as a selling opportunity. Numbers to watch remain the same. S&P500- 1085, DJIA- 10235, NASDAQ-2115. -Dio.
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