From the daily archives: Monday, February 8, 2010
I’m still short the New Zealand dollar and looking for other short ‘risk’ trades. But I’m not selling until we see some bounces in the AUD, NZD, and other key pairs. We’ll see if we get any opportunities in the next few days. Right now I’m a bit concerned that we’ll see noteworthy corrections in [...]
Continue Reading →This week, fluctuations in the currency market are likely to be driven by concerns over a possible sovereign-debt default in Greece, Portugal and Spain. The sudden rise in the level of economic uncertainty is also causing a spike in exchange rate volatility which is likely to cluster or [...]
Continue Reading →A break above the 20-Day SMA lured me into a long USD/JPY trade which was quickly stopped out as concerns over sovereign debt ratings in forex.com/category/euro/”title=”euro” >Europe spark broad based risk aversion and a sharp reversal in the pair. We have seen concerns wane which could create [...]
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