All,
I started this thread to analyis what can be expected over the next couple of weeks.
One point to mention is look at the dive AUD/USD took at about the same time last year. Rebounded like a champ.
I also want to state that the fundimentals behind the USD simply are not that great. We have 2 of the largest financial institutions losing billions, Meryl Lynch saying the worst isn't over, we have tension with Iran, and everybody I know is broke! I don't know where they find the people for the Consumer Index but I know they aren't talking to anybody I know. I find it hard to believe that the USD is gaining that much ground. I feel that this mess is finally creeping up on the Euro, Pound, etc and panic set in. I believe the pairs will rebound.
What's your take?
B
B
I started this thread to analyis what can be expected over the next couple of weeks.
One point to mention is look at the dive AUD/USD took at about the same time last year. Rebounded like a champ.
I also want to state that the fundimentals behind the USD simply are not that great. We have 2 of the largest financial institutions losing billions, Meryl Lynch saying the worst isn't over, we have tension with Iran, and everybody I know is broke! I don't know where they find the people for the Consumer Index but I know they aren't talking to anybody I know. I find it hard to believe that the USD is gaining that much ground. I feel that this mess is finally creeping up on the Euro, Pound, etc and panic set in. I believe the pairs will rebound.
What's your take?
B
B
