DislikedLast few weeks I am following dow and g/j pair closely. Dow goes up -g/j goes up vice-versa. Next week if interest rate goes down dow will go up the what will happen to g/j??
Ideally G/J should go down based on the fundamental theory - Lower interest rate will boost the dow but lower the dollar value hence Yen will appreciate which in turn depreciate g/j pair.
Seniors please suggest.Ignored
- #45,225
- Oct 28, 2007 10:19am Oct 28, 2007 10:19am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #45,230
- Edited 12:03pm Oct 28, 2007 11:49am | Edited 12:03pm
- | Commercial User | Joined Dec 2006 | 1,016 Posts
- #45,231
- Oct 28, 2007 11:57am Oct 28, 2007 11:57am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.