read my posts I have been the perma bear for the xmas season ....
target eu 1.3500 to 1.3000 end feb 2010
target eu 1.3500 to 1.3000 end feb 2010
DislikedSo things have completely reversed from just a month ago. In November higher oil price correlated to higher equities which in turn equated to higher EUR/USD. We are trading in a completely new market now. Fundamentals have returned. We sometimes trade withhout realization that the rules have changed. For months a higher Dow was positively correlated to a higher EUR/USD and vice versa. That was the trade and now that it has completely decoupled we need to determine what is the new mover.
The new mover is the economic divergence in the Eurozone and...Ignored
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