short term who knows what's up. but we already had a nice dip just before xmas, remember? 1.4330 or whatever it was then.
rumors about countrywide going into bankruptcy, KB Homes down almost 10%, gold inching towards $900... yuck. Remember the huge pop after NFP last friday? looked like a total overreaction, showing how skittisch things are getting.
So far I don't see a huge amount of problems for ECB yet, who cares about Britain's woes. Germany still going OK. I believe the mantra that everyone just wants an "orderly devaluation" of the dollar, so yea sure it may ping up a bit here and there, but unless I see significant change in employment and manufacturing data coming from germany I am not convinced yet that we're on the way south on this pair.
but I ain't opening positions right now either ;P no trend, no trade.
rumors about countrywide going into bankruptcy, KB Homes down almost 10%, gold inching towards $900... yuck. Remember the huge pop after NFP last friday? looked like a total overreaction, showing how skittisch things are getting.
So far I don't see a huge amount of problems for ECB yet, who cares about Britain's woes. Germany still going OK. I believe the mantra that everyone just wants an "orderly devaluation" of the dollar, so yea sure it may ping up a bit here and there, but unless I see significant change in employment and manufacturing data coming from germany I am not convinced yet that we're on the way south on this pair.
but I ain't opening positions right now either ;P no trend, no trade.