Interesting point of view but rather simplistic. GDP #s were bad at best especially before a key election and FED QE2 announcement. If you put it in perspective this "short term" shoot up on the euro is more than obvious not only from a TA perspective but also from a fundamental perspective. News has been awful for the US but also add pressure on the QE2 that's why most of the news have make the euro (and all other crosses) rally.
sisse
sisse
DislikedI have come to the conslusion lately that prior to any announcement regarding the USD all you need to do is BUY Eur/USD as 99% of news enables the Euro to shoot up.
Doesnt matter good or bad news from US as long as there is news the Euro goes up.
On Euro news dont do anything as it is unpredictable but any USD news is good for 25 pips minimum. Today is a prime example.Ignored
Pending conversations? PM for a chat...I am mainly in OTM now