Euro Scalping as Eurocrats argue the toss.
Why we need to scalp in this messy Euro environment?
This weekend we had the European Union Leader’s summit and what have they come up with? Pretty much more of the same rhetoric. The problem is that the European nations are entirely different, have entirely different
Continue reading Euro Scalping as Eurocrats argue the toss.
The Euro has dropped substantially since May 4th after a very long uptrend from the 1.2870 area in January all the way up to 1.4930 area on May the 4th. Many traders were burnt trying to catch the Euro top, after all, fundamentals were and still are pretty worrying. That said, Germany’s economy is doing
Continue reading Euro short covering?
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The Forex market volatility has been pretty high of late, with rumors and counter rumors abounding. While the Fed continues to support lower interest rates, and does all it can to keep the USD at a level beneficial to US debt, the ECB has been doing the opposite. Continued ‘vigilance’
Continue reading Forex Market Volatility – Euro zone meltdown?