Dollar little changed.
The markets so far this year have developed into a bit of a bore. No trend, rather up's and down's while traders get stopped out looking to grab hold of any potential trend. On Wednesday we have a (much anticipated and talked about) rate announcement out of Japan. The Yen weakened since Friday, and my thinking is any Yen strength is temporary, The yield differential is to great. Also other countries around the world are coming to an end of their tightening cycle. I do not think the Japanese will risk ending their recovery by raising rates to fast. If the rest of the world are coming to an end of a tightening cycle, I think they will procede very caustiously.
A few Forex thoughts to start your week.
FXTRADINGIDEAS@AOL.COM
A few Forex thoughts to start your week.
FXTRADINGIDEAS@AOL.COM
Labels: Markets
posted by Banker at
Tuesday, February 20, 2007
2 Comments:
Jan was actually a good month for me but Feb has been a lot quieter as far as day trades go. However with my medium term system I am doing nicely just trading off the bounces.
Glad to hear. Feburary has certainly been better for me. I think it is because I am trading less. Similar positions for weeks now. Much more my style. Currently long Euro/Usd (1.3143) plus a host of interest rate trades. Good Luck
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