Seems to be a fair few spreadbetters that should know better than to be shorting the Euro at the moment given the relative pos news flow over last few days (the only wobble being on the German political stage)out of euroland regarding financial req's from it's banks and contra nego state side news flow.
For anyone liking a little more zip in their Euro trades , have a look at the EUR/ZAR pair.
the EUR has hit lows against a basket of currencies on a build up of bad news over Q2 but , imo , the Euro could see some short term strength within some of the lesser talked about trading pairs (EUR/CHF) until Spain's poss downgrade and ze German political arena get further coverage,gl,mark.
hehe im guessing that was for me. yeh markie the euro is bullish no doubt, nice IH&S and breakout of the descending channel could be round the corner, but as it was at the top of the channel thought a little scalp was worth a shot.
the euro trade may not have worked out too well but gold/crude swings certainly made up for it... lovely jubbly!
hi TIE , it was just a general observation , but waiting a little longer for the US Factory Orders was a bit of a key fundamental data point to trade upon to then perhaps consider introducing short positions and reviewing established longs based on the release.
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