Narrowly mixed forex markets still await real trend

Markets remained pretty mixed last week. The US dollar once again benefitted from falls in equities later in the week as employment data spooked the markets once again. In Europe slightly dovish comments from ECB member Weber helped the Euro slip a wee bit. Elsewhere the Swiss Franc remained flavor of the week on the back of record trade surplus figures and continued belief the Swiss National Bank is on vacation at the moment as far as intervention goes. Sterling continued to hold up against the Euro and the Ausie dollar suffered as markets come to terms with the latest hung parliament country.
All in all though I would suggest that unless you are great trading narrow ranges that you keep your powder dry for a real trend move. The equity markets continue to edge lower but without too much conviction. Opinion on economic recovery double dips etc remains very divided and it may be some time before we see some clear trends for shares.
On a personal note thanks BHP. Mergers and Acquisitions seem to be on the up certainly size wise so some people believe that its a good opportunity to go shopping for cheap companies.