Now we are appoaching the EMA again.
morning all a tricky little market because of treasury head change first guy was weak dollar second guy strong dollar as usual confusion in market becareful
Yes Eric, we are near but I don't expect anything big to happen 'till after the US news. Notice we had good movement for the last hour or so, but now it's stalled waiting for the release.
EDIT: Is anybody else having trouble with their Neuimex platform not updating USD/CHF ?
yes my swiss is not working either
Anyone take the yen trade?
I see what you mean Harold. Paulson has just been nominated and he's in favor of a strong dollar....no wonder! It's a good thing I got my pips before this news!
UPDATE: Can we expect a huge dollar buy shortly? Take a look at this, from CNN:
"I think getting Paulson is a bit of a coup for the Bush administration," said Jeoff Hall, the chief U.S. economist for Thomson Financial. "You've got enough academics at the Fed right now. You need someone with a little Wall Street credibility."
In his remarks, Bush said the Treasury secretary would be the leading force on his economic team, as well as the chief spokesman for his economic policies, and he praised Pauson's experience and integrity.
theres no rule you have to trade today if market is mixed so will signals be very careful keep stops tight
You're right Harold, there isn't, but if it has the same impact as yesterday's news I'm going to hang around and see if there's a rush after 10 AM eastern.
well i just got 25 on euro entered 78 on breakout with rush thats it for me see you guys later time to take a swim
Good for you Harold, I got some pips too. However, I have a feeling it's nothing compared to what's coming shortly...