could be a big day

After the G20 meeting in Washington, we could be about to see a very interesting day on the forex.

Will be slow to begin with, looking for direction but I do feel we will see the US traders coming in around 8 - 9 pm tonight with gusto.

Looking for initially some upward movement today and into the early evening however I see then weakness and a drop to around .64 just before midnight Perth time.

Then during the morning and continued trading on the NYSE the Dow's movement will signal some further strengthening in the US as more money goes into US Bonds.

Could trade today between .64 and .66.

Just a word of warning.

Bonds are getting very over heated in the US and I can see the bubble bursting very soon.

Give it a few weeks though but certainly before Xmas.

OK settle back, grab that cup of extra strength coffee and lets start the research.

I'll call my position and entry point in a while.

Lets make it another $200,000 day shall we.