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 Jan 10 2009, 11:55 PM
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#1
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1,811 posts Joined: Jan 2003 From: ...too mUch...  
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I wonder why Eur/Usd can go down? Suppose high unemployment rate can cause the Eur/USD go up isn't it? As USD bcm weak. or this down is purely depend on Technical analysis?
Anyone can help me the clear this doubt? Thank you. |
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Jan 11 2009, 04:26 PM
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#2
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1,811 posts Joined: Jan 2003 From: ...too mUch...
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QUOTE(small-jeff @ Jan 11 2009, 01:05 AM) all equity indexes gone south, monies went to bonds and/or treasuries. IMO, forex is rather difficult to solely depend on TA alone. Ok.   So now Eur/Usd went down. so that means USD get stronger isn'nt it? USD now use lesser money to change Euro. Am i rite? SO now unemployment release, but then Eur/Usd go south. Jeff so u mean if money wen to bonds / treasuries, USD will get stronger? |
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