Thats good, I didnt have the guts to hold mine....closed it at +54pips profit....I went short again @21055 and I am hoping for 21000 profit area.
Thoughts...?
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DislikedBernanke swallowed and burped, everybody wants a piece of Trichet for desert
Euro at $1.50 Next?Market participants will look for comment on exchange rates from European Central Bank Jean-Claude Trichet at his post-interest rate meeting news conference on Thursday.
"Failure from Trichet to show any displeasure with the euro/dollar rally at tomorrow's press conference would most likely be the trigger for a move to $1.50," ING said in a research note.
European Central Bank policymakers have been relaxed about the euro's steep rise against the dollar -- in public at least -- but its move towards $1.50 is raising the prospect that it might intervene.Ignored
Dislikedand.. euro starts to slide.. man.. these people are great.. one word out of their mouth.. and the currency move..
Reminds me of the Greenspan's era.. One cough of the old man.. and dolar fluctuates like crazy..:
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DislikedFor those operating big money (exporters, importers, banks, so forth) pips suck. Euro is now at 3 cents off 1.50. It's going to be traded at least to test ECB's tolerance to pain.Ignored
DislikedBRASILIA (Thomson Financial) - Brazil's Central Bank has acclerated its purchase of US dollars in recent days, taking advantage of the real's strength to build up foreign reserves that now stand at a record 170 bln usd, according to the institution Wednesday.
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DislikedHeh... some already going to the supermarket.
USDBRL is spiraling down since it cracked 2.0 figure. Some said 1.80 absolute bottom. Now talks are about 1.5. Below that, parity.
As EURBRL is holding well at 2.53/56, it's seen as "generalized dollar dumping, so no problem."Ignored
DislikedHey Cesar...do you have those pairs at your broker??
Are they very volatile ????Ignored
DislikedNo I don't. But it seems real is super volatile. Easy 200 pips up and down during the day. I see this by late news that gives day's open, high/low and closeIgnored