Sunday, February 20, 2011

EUR/USD

The EUR/USD is retracing slightly after hitting the top end of its current range, says HiFX senior trader Stuart Ive. "Obviously all eyes are looking at what is going on in the Middle East still; I'm a little bit surprised that we haven't seen any risk aversion in the currencies as of yet." The pair is at 1.3702. He says the market is just going to play the ranges--"German IFO Business Climate will be one of the features but I think the market in the next 24 hours will be firmly looking towards the Middle East." He expects the EUR/USD to trade with a range of 1.3740-1.3560 Monday.

source: fxstreet.com


19 comments:

  1. Good info. Gotta keep my eye on this.

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  2. I was thinking similar, could touch 1.35 imo.

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  3. "All Eyes are looking toward the Middle East"

    I knew that what was happening there would have ramifications in terms of how politics was done, though I didn't consider that it would have ramifications for the economy. It makes sense as the Middle East holds all of the oil.

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  4. Did it end up trading in the range he predicted? Too lazy to look it up myself :P

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  5. Wondering how much the oil cartels have to do with the mid-East prices and exchanges going where they are...

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  6. Middle East ruined all my tradings :/

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  7. Wow...you have got some major information on this blog! I have a background in financial investing, and you definitely have some good stuff here. Keep up the good work! If you'd like to trade strategies, give me a yell sometime.

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  8. Time to go on vacation and enjoy this disparity. keep up the good work.

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  9. wonder what was the deal with that spike upwards when it was treading down

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  10. Politics in the middle east controlling our currency. Scary thought.

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