my position in progress: bought @1.5715--->tp 1.5820, sl 1.5650

1.3650 is likely to be a short term support. Re-test is possible but just by looking at the chart this area has been propped up 3 times since last week. I think this uphill and downhill sentiment from the bailout package should be well contained ...

I don't think a cut in November is going to happen, not even sure a pre-christmas cut either. Few reasons: The core inflation is still quite "up there", local bank to euro debt is very little, previous mild RBA minutes was the least aggressive one ...

Agree with the double top formation, decline will accelerate if 1.012 area is breached. The market is yet to price in the interest rate cut so I see AUD/USD on parity again by year end

EUR/USD's decline could accelerate if 1.3660 is to be breached. Reported difference between France and Germany on rescue fund is just adding another blow. I think at this stage to put analysis on any price actions are futile because market is almost ...