N Rothschild
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bought more 1.3146 stop b/e
cable beginning to look attractive
Back. I see I missed the big move.
Peter
another free lunch for every man and his dog, love it
for what its worth I think you may get a rise in euro tomorrow early on, who knows after that. I have charts for usd/chf sell off from .9220 and others in correlation.Long term I have euro for a massive rise but we may yet see 1.2500 in the near term
For what it's worth, note the timing of the euro drop(dollar climb which ever way you want to read it). What is worth noting here is that it is end of month and was just before the 3.00 pm london(new York fix). Once it got the momentum it was a case of every man and his dog jumping on that gravy train, taking all the weak longs with it,hence the sharpness of the fall. As has been mentioned, it is still within range and we do have highly important economic data still to come later on in the week. As has been highlighted by the FOMC, they expect unemployment to rise and QE3 is not far off the agenda either. Expect a roller coaster ride to the start of February....
very interesting,what way do you think?