Friday, December 15, 2006

Dollar slightly stronger...

The dollar this morning is opening slightly atronger, after fininhing yeasterday trending in the same direction. As I have been saying I do not think this is anything to be getting to excitied about, rather just part of the drifting the market will do going into year end. Unfortunatly even any economic number will have limited impact as risk areversion seems to be the order of the day. If you do not have a strong view.....Do not trade.



Anonymous Anonymous said...

I have been trading short GBP/USD (long dollar) for the last few days, but today did not get a trade and probably good as it has risen. It still seems to be in a downward channel but Im not sure for how long.

I think in general you are right this is glorified drifting, but good for intraday trades :)

10:33 AM  

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