No, I am actually referring to funds coming from Iraq as the dinar revalues.
There have been many rumours of dinar revaluation in the past but this is the first one which is actually credible.
It will result in an influx of funds to US, EEU and China mostly....
very interesting......why would the iq dinar be re-valuated? because us "pulled out" of the zone? thats what i would have to imagine.
If he does get his cronies into office, I would see that as dollar positive. I remember when gator was telling everyone that when dems are in office, dollar strengthens(it's true)....
It looks like there is a lot of risk events next week for the dollar and I believe it will set a direction with liquidity coming back into the markets. I'll play it lightly though, I put more cash back into my account today, due to the losses I sustained this week that basically wiped out all my august gains.
Anyways, classes start next week so I'll probably be pretty busy so I might move to the 8h chart to trade. Maybe that's for the better
, I was getting stops hit last week everywhere using 30-40 pip sl on 2h charts. Two currencies that I know I'm definitely not playing are chf and jpy, imo there's a lot of monkey business going on with those two right now, and I don't like headaches.
