Is this going to be permanent? It has been weeks! | Forex Factory

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Is this going to be permanent? It has been weeks!

  • #1
  • First Post: Jul 18, 2007 10:59pm Jul 18, 2007 10:59pm
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???
  • #2
  • Jul 18, 2007 11:04pm Jul 18, 2007 11:04pm
Quoting FF001
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???
Which pair are you talking about. NZD/USD?
  • #3
  • Jul 19, 2007 1:37am Jul 19, 2007 1:37am
Quoting rbock
Which pair are you talking about. NZD/USD?
EUR/USD... sickening!
  • #4
  • Jul 19, 2007 1:40am Jul 19, 2007 1:40am
EU is having fun with us, just be patient
Trade what you see, not what you think.
  • #5
  • Jul 19, 2007 1:42am Jul 19, 2007 1:42am
Quoting FF001
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???
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.
  • #6
  • Jul 19, 2007 1:55am Jul 19, 2007 1:55am
Quoting FF001
EUR/USD... sickening!
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.
  • #7
  • Last Post: Jul 19, 2007 2:08am Jul 19, 2007 2:08am
we will be seeing EU @ 1.34 level again, in short/medium term (before year end). That's for sure.
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