Market Updates May 4, 2009

The Yen cross pairs have rallied over the last few days. But in the short term as we are about to enter the opening of Asia we are looking for a potential pull back. If the pair shoots up again past 1.4963 we are looking to sell for a very short run to exit before the London session.

USD continues to get hammered even though S&P has broken up above a nice point showing potential signs of an ecomonic stability. We'll see :-)

That's it for now.

Gregory Schneider
PNPForex.com

Welcome to the PNPForex.com Blog

Welcome everyone the the PNPForex.com Blog. Through this blog we will be updating you on market moves, new events and Forex training videos. Be sure to subscribe to get email updates on when we have posted a new blog.

Gregory Schneider
PNPForex.com
http://www.PNPForex.com