Today we have mulitple lots for the AUD/USD and USD/CHF. One of the lots has no limit at the moment.
The take over of the Freddie's by the US Govt. has now resulted in lower long term mortgage rates (I have favored lowering long term mortgage rates by a full one point) which should act as a slight stimulus. However the basic fundamentals of the US economy still remain weak.
On the other hand a weak USD results in a higher Oil price which leads to a global recession that the world can ill afford.
There is talk of the OPEC possibly cutting production to increase prices and also the winter is coming up. What effect if at all this will have remains to be seen given the unsustainable oil prices already.
The Hurricane Ilk seems to be under control and hopefully we will not have any major disruptions. Given all this in the short term we should see the USD rising higher. There is still a lot of room to grow back for the USD.
I will create a short video later during the week explaining my analysis.
Good luck trading and God Speed....
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