This trend has been sickening! Is either it'll go all the way up or all the way down. Since early June till now the trend is not according to fundemental movement. Can someone tell me what is going on???
This trend has been sickening! Is either it'll go all the way up or all the way down. Since early June till now the trend is not according to fundemental movement. Can someone tell me what is going on???
This trend has been sickening! Is either it'll go all the way up or all the way down. Since early June till now the trend is not according to fundemental movement. Can someone tell me what is going on???
Ignored
Its never been FUNDAMENTAL. its all speculative. Those traders (err I would love to call 'em monkeys) are just speculate to move the currencies.
Weak AUD data but shoot to 0.87xx from 0.86xx. Same goes with NZD and the rest.
Another factors are : Carry Trade and the downfall of US dollars ---> the worst performing currency in the world, worst that Indonesian Rupiah movements. Almost every currency in the world print new high against dollar.
Ah.
I would guess sub prime worries is the biggest factor myself.
Karmostaji has it right. Be patient. Go with the flow. Take little bites. 10 20 pips at a time. Once sub prime shakes out with a clearer picture I believe it will sort itself out.
