Tuesday, January 30, 2007 12:45:05 AM
I agree with you. The range for the EUR/USD "SHOULD BE" 1.2900 - 1.3100 give or take 10 or 20 pips. It is behaving the same way as the last week of June 2006. I do not see it going any higher than 1.3170ish and I see it tumbling down to test 1.2820 as I thought it would a couple of days ago. The week chart is showing major divergence and I see the EURO going down this year. Dare I say 1.2000???
Believe it! If the US keep rates steady for a long time it is very possible. All people care about really is interest rates. The rest of the data is just noise to evaluate if the rates will go up or down. Pretty sad .... like making a hole in water.
I am reading about options to hedge my long term bets in the spot forex market. Apparently you win even when you lose. Do you trade options?
Believe it! If the US keep rates steady for a long time it is very possible. All people care about really is interest rates. The rest of the data is just noise to evaluate if the rates will go up or down. Pretty sad .... like making a hole in water.
I am reading about options to hedge my long term bets in the spot forex market. Apparently you win even when you lose. Do you trade options?
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