EURUSD 1.18? Well, it falls in my trading range 1.36-0.631 but I did not expect it so soon...
Forex skills come in handy for experts planning vacations
Currency strategists may be sour on the euro, but they're sweet on vacations in Europe. When researching travel destinations, people usually consider factors such as the weather, amenities, and what to bring. But foreign exchange strategists have the added advantage of knowing which holiday location will offer them the best bang for their buck. "I am thinking of going to Germany in October for the annual Oktoberfest festival," said Matthew Schilling, a commodities broker at RJO Futures in Chicago. "The euro should be at least $1.18 by then," he said. "Everything the (European Central Bank) does is just another band ... (full story)