16th November, 2008.
How much time is left, think. If you think that the departing ministry of current US President were at the fault for the ongoing financial crisis, and the new President will manage to create miracle, then, wait and see till the New Year. For now, no concrete hope is seen at the sight. Yes, the G-20 meeting is on the focus at these hours, but will this cultivate any meaningful fruits as a result? Traders should largely identify the correlation between FX and stock markets defining the currency movements and forcing uncertainty. Of note is that the correlations that both USD and JPY get stronger when stock's conditions worsen, and the vice versa.
For EURSUD, the extreme uncertainty is supposed to prevail for the next week and till the dawn of New Year. This is the reason why traders should pay attention more on the graphic information rather than any fundamental assumptions. The traders with the Technical knowledge about moving averages, doji candles, Ichimoku Tenkan line, and many more should be consulted more wisely to jump out of the burning train.
Viewers’ opinions or comments are invited. Your meaningful post whether positive or negative will be published on this site along with your name. This will provide more of the understanding and explanation. Do post @ “comments.”
How much time is left, think. If you think that the departing ministry of current US President were at the fault for the ongoing financial crisis, and the new President will manage to create miracle, then, wait and see till the New Year. For now, no concrete hope is seen at the sight. Yes, the G-20 meeting is on the focus at these hours, but will this cultivate any meaningful fruits as a result? Traders should largely identify the correlation between FX and stock markets defining the currency movements and forcing uncertainty. Of note is that the correlations that both USD and JPY get stronger when stock's conditions worsen, and the vice versa.
For EURSUD, the extreme uncertainty is supposed to prevail for the next week and till the dawn of New Year. This is the reason why traders should pay attention more on the graphic information rather than any fundamental assumptions. The traders with the Technical knowledge about moving averages, doji candles, Ichimoku Tenkan line, and many more should be consulted more wisely to jump out of the burning train.
Viewers’ opinions or comments are invited. Your meaningful post whether positive or negative will be published on this site along with your name. This will provide more of the understanding and explanation. Do post @ “comments.”
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