RahmanSL
Major
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Semi-Newbie thinking:
With both the US & Europe with very uncertain economics woes, doesn't it make sense to trade against these two currencies with JPY/AUD/CAD/CHF and go Long positions with Gold & Silver?
Most traders think there will be further downside to the EUR/USD due to the European being worst off than the US, and this is reflected in last week's market sentiment. However, it does seems like the Market does not have that much confident in the US either as proven by having tested 1.3165 very briefly. and than rebounded to 1.32 level behaving very much like that's the resistence level.
Next week would be interesting with upcoming holidays and end year 2010 just round the corner. Heck, I think if I am going to trade the EUR/USD, I will have to watch market movement longer before entering any trade....or just simply take a pass on that currencies pair.
All views (professional or otherwise) are welcome!
With both the US & Europe with very uncertain economics woes, doesn't it make sense to trade against these two currencies with JPY/AUD/CAD/CHF and go Long positions with Gold & Silver?
Most traders think there will be further downside to the EUR/USD due to the European being worst off than the US, and this is reflected in last week's market sentiment. However, it does seems like the Market does not have that much confident in the US either as proven by having tested 1.3165 very briefly. and than rebounded to 1.32 level behaving very much like that's the resistence level.
Next week would be interesting with upcoming holidays and end year 2010 just round the corner. Heck, I think if I am going to trade the EUR/USD, I will have to watch market movement longer before entering any trade....or just simply take a pass on that currencies pair.
All views (professional or otherwise) are welcome!