Not to get all geopolitical on everyone, but I see some things happening that warrant discussion.
USD has been the primary method of valuation and exchange for decades. Everything has been valued against it. It appears, now, that EUR is fighting USD for this global position. EUR/USD has become too volatile for me to trade lately, it is politicized excessively, and all cross pairs play one against the other.
It is incredibly difficult to tell what EUR/USD will do from day to day, or even from week to week. That's because every other country is using one or the other as a proxy, or playing them against one another. I prefer other pairs, even though this one is a favored trade.
EUR has way too many variables, German GDP, French inflation, Italian industrial production, etc. Impossible to track. USD has a bunch of political idiocy lately, plus Bernanke can't put together a sentence that makes sense.
Anyone's and everyone's perspectives on this would be appreciated...
USD has been the primary method of valuation and exchange for decades. Everything has been valued against it. It appears, now, that EUR is fighting USD for this global position. EUR/USD has become too volatile for me to trade lately, it is politicized excessively, and all cross pairs play one against the other.
It is incredibly difficult to tell what EUR/USD will do from day to day, or even from week to week. That's because every other country is using one or the other as a proxy, or playing them against one another. I prefer other pairs, even though this one is a favored trade.
EUR has way too many variables, German GDP, French inflation, Italian industrial production, etc. Impossible to track. USD has a bunch of political idiocy lately, plus Bernanke can't put together a sentence that makes sense.
Anyone's and everyone's perspectives on this would be appreciated...
"The time to act is when others show signs of tire." --W.D. Gann