Word had it today that some FX dealers put a take profit recommendation on the EUR/JPY which helped to send it down and thus helping Eur/Usd and others as well to retreat. Considering that the Eur/Jpy sold off, how much do you feel that these FX dealer recommendations have an effect on the trends? I feel that this situation could be very similar to broker recommendations on stocks because when they change their ratings on stocks the value of the stocks often adjust accordingly.
If you feel that this is a factor that could be in play does anyone know of a comprehensive list of dealer recommendations available on the internet that is updated regularly?
Thanks for your input!
GirlFlyer
If you feel that this is a factor that could be in play does anyone know of a comprehensive list of dealer recommendations available on the internet that is updated regularly?
Thanks for your input!
GirlFlyer