EURO rallied through 1.60 at April 22 within New York trading session. But it seems it is the problem of EURO but not the DOLLAR. Why? I trade USDJPY and look at EURO as indicator and it seems no rush DOLLAR sales against JPY so the traders can commit risk trades. USDJPY is a good indicator for risk appetite of traders at forex market because it is good for carry trade. Previously when EURO broke 1.50 I've seen the panic sales of DOLLAR against JPY so the USDJPY rate was down to less than 95 YEN against DOLLAR. I've even seen the record high value of USDJPY hour bar - it was 158 pips down per hour against average value of 29 pips per hour. But yesterday the USDJPY rate was bouncing in a small coridor of about 60 pips for all the day and it stays at 103.
So it seems EURO at $1.60 is the great problem for Europe and very good for US economy.
Tuesday, April 22, 2008
EURO hit 1.6019 but it is not a problem for DOLLAR?
Posted by clicker at 6:20 PM
Subscribe to:
Post Comments (Atom)
2 Comments:
This post helped me in learning good updates on stock market. For improving market returns learning timely updates on stock market is must. For live updates on social media follow epic research .
In this manner my buddy Wesley Virgin's adventure begins in this SHOCKING and controversial video.
Wesley was in the military-and shortly after leaving-he revealed hidden, "mind control" secrets that the CIA and others used to get anything they want.
THESE are the exact same methods many celebrities (especially those who "come out of nowhere") and top business people used to become rich and successful.
You probably know that you only use 10% of your brain.
That's because most of your BRAINPOWER is UNTAPPED.
Maybe this expression has even taken place INSIDE your own mind... as it did in my good friend Wesley Virgin's mind 7 years back, while driving a non-registered, beat-up bucket of a vehicle without a license and on his bank card.
"I'm very frustrated with living check to check! When will I become successful?"
You've been a part of those those thoughts, ain't it right?
Your success story is waiting to start. You need to start believing in YOURSELF.
Watch Wesley Virgin's Video Now!
Post a Comment