Euro to dollar and Yen
Thin markets today as it is Martin Luther King day in the US. All stock markets last week gave traders and investors a nice rollercoaster ride, even though the VIX was no where near its highs of last August. The FTSE posted its worst January since 2000 and from the 2007 [...]
Euro vs Dollar
The flight from risk continues with stock markets tumbling and the carry trade unwinding at an alarming rate. The sound of hatches being battened down is quite deafening. Meanwhile the euro has again failed to reach 1.50 and has fallen back to 1.46 following “dovish” statements from an ECB official. Is this the beginning of [...]
Euro to Dollar
At the moment trading the euro dollar pair its more a question of selling the dollar rather than buying the euro. This shift of emphasis is quite important as the euro once again approaches the psychologically important 1.50 level.
A failure to breach this level will see a sharp and severe correction as dollar strength returns [...]