Tuesday, May 26, 2009
USD Dropping on Wednesday
Today seems like another awful day for USD. Yesterday, USD dropped pretty badly and I snatched around 50+ pips or more on AUDUSD and GBPUSD. On Monday, there was a slight retrace but after that USD started falling again.
I believe USD will be going for a free fall until the end of this month. I already won about 100+ pips from USDSGD and 100+ more from GBPUSD last week. I lost 100+ pips from EURAUD though. The Euro market seems to be going down but it looks undecided, with occassional upspikes.