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- shahtijani commented May 9, 2013
Eur/Jpy broke major resistance and rallied up to 131.60+ area but now it again came i feel it will give a swing down before can push further upper grounds
- shahtijani commented May 2, 2013
Yes technically it has double top and there are other technical confirmations also however i will still stay out because of too much fundamental events. And may be i strike one or two news trades .
- shahtijani commented May 2, 2013
It is true to say that rate cuts historically have produced drop in currency value but the occurrence of rate cuts have been very very less. Today also it seems that ECB will not cut rates and they will stay same.
- shahtijani commented May 2, 2013
I dont think ECB will cut rate now, there is no such preparation going on for that otherwise traders would know that. But if it cuts definitely there will be a huge sell of in euro against all its counter currencies. SO watch-out.
- Posts by Member Search: 'shahtijani'