What is (IMHO) really happening is that every market corrected against usd because US economy was already going bad and then bad news started coming from everywhere. Now this adjustment period is over and market has no idea which way to go because all the bad news are already priced in.
I'm keeping out from currency markets until I see some clear signal on where it's going to go because I want to trade trends, not consolidation. (I'm shorting stock markets and buying oil at the moment, the oil might be incorrect guess but there is third/fourth higher low forming and opec rumors going on so it's worth one trade..)
I'm keeping out from currency markets until I see some clear signal on where it's going to go because I want to trade trends, not consolidation. (I'm shorting stock markets and buying oil at the moment, the oil might be incorrect guess but there is third/fourth higher low forming and opec rumors going on so it's worth one trade..)