I recall very clearly 2008 and the Euro going from 1.5000 to 1.2500 or thereabouts.
I was reading the last 10 pages here this morning before I leave for the day. When we are in such a situation with Bond Yields going over 7% it becomes clear there is a real problem.
Using technicals for guidance can be a help however the EUR/USD pair just might test 1.3000
There is nothing to stop it going there based on the present fundamental situation.
The Americans are more interested in shopping today. The powers that be in Europe are going home for the weekend. Friday is normally a eratic trading day.
Watch the Dow today if anything. If we see a rally it might come Monday when the Spinners in Europe come up with another NON SOLUTION.
It is not a good idea in my opinion to assume anything.
The Bond Auction in Italy showed that this morning. I hope everyone here has a great weekend and learns more each day from their trading experiences.
I was reading the last 10 pages here this morning before I leave for the day. When we are in such a situation with Bond Yields going over 7% it becomes clear there is a real problem.
Using technicals for guidance can be a help however the EUR/USD pair just might test 1.3000
There is nothing to stop it going there based on the present fundamental situation.
The Americans are more interested in shopping today. The powers that be in Europe are going home for the weekend. Friday is normally a eratic trading day.
Watch the Dow today if anything. If we see a rally it might come Monday when the Spinners in Europe come up with another NON SOLUTION.
It is not a good idea in my opinion to assume anything.
The Bond Auction in Italy showed that this morning. I hope everyone here has a great weekend and learns more each day from their trading experiences.