Dislikedi must agree with this statement. the dollar started getting weaker since early last week on speculation the feds would start buying us treasuries and so on. The reasons for the bull run up i had originally were merely "diversions" (citi...china worries..g20..etc). So...the dollar has been getting weaker since last week because of this speculation... the classic "buy the rumor sell the news concept" and when it was made official....it only fueled the push up even more (ill show a chart..no sell the news here). It was truly a gamble to be in...Ignored
Exactly.
I just looked at some bloomberg news and found that it was not because of the 300 billion, but because of the reasons you are giving. FOREX-Euro hits 5-week highs as risk appetite rises.
* Euro touches five-week high above $1.30
* Dollar pares some losses as US stocks rally fizzles
* G20 summit pledges more resources for emerging markets
* Focus on Fed, BOJ policy meetings this week (Updates prices, adds details)
What I really don't understand is how can someone survive to those spikes or moves, in a daily time frame.
Thanks for your response, cheers.
Why do we fall?
"So we can learn to pick ourselves up."