regarding the upcoming news do keep this in mind...any news whether good or bad usually drove the dollar stronger for the past 3 weeks (perfect example is last friday when gdp was terrible, euro went up in expectation of the data but then retraced the full gain after the data). the market sentiment is bullish on the dollar...no one wants a strong euro or a weak dollar...the economic situation in the states is bad but talks of bailout plan are still valid, not to mention the deepening financial mess in europe as well. lots of fundies involved but the overral trend is down...the majority of my trades are sell nowadays as proof of my bearish sentiment
Edit:my opinions are my own...just like any trader i can be wrong or right...the ultimate decision of what to do rests with you, all i do is offer a window in this particular trader's mind thats all
Edit:my opinions are my own...just like any trader i can be wrong or right...the ultimate decision of what to do rests with you, all i do is offer a window in this particular trader's mind thats all
Different opinions highly valued, ignorant to slander.