Hi
Just imagine what has been happening since Tuesday. One the readers of these articles called on wedsnesday 12th sept, and I told him to place buy on euro. He was reluctant at first but i think he later did. See what happened, the market penetrated R1 and R2 that day. But someting else happen...
The EUR/USD traded to 1.3926 in London this morning, the highest value in its history. The USD has been battered across the board as traders try to determine just how bad things are for the US economy. On Friday, we learned that the US economy lost 4,000 jobs last month. That’s the first negative number in 4 years, which has sent the dollar plunging, and introduced enormous uncertainty in the FX market. More uncertainty surrounds what the Fed will do at its next meeting on Tuesday, and uncertainty breeds volatility—currently, volatility in the USD/JPY is the highest it’s been in over 5 years. What’s going to happen to the US dollar on Tuesday? Can the Fed save the buck? Or the economy? Everyone’s itching to know
This is part of what you gain from us. Can you see what I was was explaining on the chart
Abiodun
08050200894
No comments:
Post a Comment