Excerpt from: GFT Analysts in the News
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| December 18, 2008 | | Currency trading with the euro | After a few weeks of bowing to a U.S. dollar rally, the euro has kicked it up a notch in forex trading. Currency trading with the euro should consider that it has blown through stops at 1.4500 to reach 1.4700 against the U.S. dollar, heading toward highs.
All of this despite the fact that the German Ifo is showing signs of weakness. All of the old rules and indicators that affected forex trading in the past seem to be tossed out right now. In this time of volatility, nearly anything goes.
And right now, the euro is really going higher in forex trading.
| Topic Tags: currency trading, currency trading euro, dollar rally, euro forex trading, forex trading, German Ifo, U.S. dollar | |
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