Thursday, June 4, 2009
USD Rising a bit…
Yesterday, the US Dollar seemed to be on the rise. GBPUSD fell for 200+ or more pips. Other currency pairs involving the US Dollar were also affected. I am not sure whether this is a signal for a trend reversal, but from the looks of the US economy, I believe this is just a temproray retracement and the US Dollar will fall again starting next week. I may trade against the US Dollar again pretty soon, but I may not be placing big bets.
Euro and Japanese Yen seem to be retracing up a bit too, but generally, they are still going down. Looks like Australian Dollar and Great Britain Pound are steadily rising.
I closed my USDSGD trade today with a profit of 120+ pips or so. Probably will be hitting USDSGD again in the near future.
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Monday, May 14, 2012 - 17:54:16
I like this article however do not agree with all of your points. Cannot dispute with the common sentiment though. Well crafted as well!