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- ozforexguy replied Oct 11, 2011
The eur/usd is just tracking the S&P. It spiked before market close. Computer trading programs try to reduce the arbitrage between various correlated instruments. S&P up EUR up. S&P down EUR down.
- ozforexguy replied Oct 7, 2011
I believe we just had a technical bounce off the 76.4% fib. Looking to add more on an hourly close below 1.3350. image image
- ozforexguy replied Aug 17, 2011
I doesn't need to happen, it just needs to be perceived it may happen! Rate cuts will be back on the table this week. Or at the very least a few stories will be written about it and the fire will be lit!
- ozforexguy replied Aug 17, 2011
Anybody agree with me??? With the euro economy grinding to a halt I would imagine the ECB has no choice but to cut rates hard to avoid a nasty recession (50 or 100 basis points). Therefore this could quite possible be the top for the EURO. Predict ...
- ozforexguy replied Aug 7, 2011
Since when did the forex market make any sense .. Heaps of potential reasons for USD going up against the Euro, flight to quality (best of a bad lot really), potential bond buy back from ECB (like a US QE, print more money depreciate the ...
- Posts by Member Search: 'ozforexguy'