Hi Folks, well what looked like a more of a volatile week ahead, turned out to be more ranging, sideways markets and really a whole lot of nothing. Our biggest mover of the week was on Wednesday, in the AUD/USD with a late afternoon push to the upside at around 130 pips.
Looks like a Market Maker/Central Bank wanting to get more bang for there buck with a thin market to step in late in the day and push the market up to the 1.05 level.
I'm hoping we see more action this next week with more news in Consumer Confidence, Home Sales, Italian Bond Auction and our #1 manipulator of Markets on Friday, Fed Chairman Ben Bernanke. Should be a interesting week ahead.
have a relaxing weekend!
-David
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