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santosh13's Blog
EUR at mercy of USD
For the past few days it seems the EUR like to be played by other currency, dominantly the US Dollar. Inspite of busy Monday and heavy data coming from EURO region. The common currency showed little interest in them.Also with all the Hoo-Ha about ECB measures , EUR is in tight range and is unable to break the 1.3600, ( it breaks and bounce back to highs) The movement of EUR has as of now been in the hands of USD . It would be interesting to see if the common currency can actually break this. Th…
Retailers in lurch " as usual"
What is wrong with AUD? Despite better then expected GDP (much better), and china service PMI. It lost all the gains and is below. In recent days this is the big trend,first spike and then lose all in the very next candle (bubble in forex !!!!???). Making us to rely on prediction and not on fundamentals or technicals. Many traders find it difficult to adjust its position on this, also trading cannot always be done on predictions. Are we losing the importance of data ???. I guess Few moves can s…