Do yourselves potentially a big favor and check out: 1. The European stock markets, and, 2. The US stock futures BEFORE you set up for this trade. If stocks are up big...be careful about selling the EURUSD (strong USD) on a good number. If stocks are down big...be careful about buying the EURUSD (selling the USD). To ignore this advice would be going against the risk aversion trade, and that could cost you big.
Pip dog,
When there is uncertainty in the markets is the best news trade.
EUR/USD is acting well it’s at the correct levels fundamentally.
Yes I do look at the news and markets all day, My back ground knowledge in markets is not in FX JUST its on a global scale from stocks bond futures and even Forex and Stockbroking operations.
I have worked for Merrill Lynch and many investment banks and Forex companies so when it comes to risk its my number one goal.
I’m sure members will see the results at the end of the day I provide signals here for FREE to assist people not to make profit from them, If I wanted profit from them I would advertise my personal services here and that I don’t do. So some times free advice is the best.
Cheers
Stavro D'Amore
hi pipdog. Your analisys seems to be correct (IF i've understood!). Would you be so kind to tell us where we can read something about this "risk aversion trade"? (i mean, i know what "risk aversion" is ("Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather than another bargain with a more certain, but possibly lower, expected payoff.", from wikipedia), but i can't understand what means in this context!).
Thank you in advance