below average volume. this market is waiting for some catalyst.
i suspect we see a catalyst early next week. euro officials have to start talking again as their last round of hype wears off. my trade is long dollar. http://traderminute.wordpress.com/2012/08/10/the-coming-trade-on-gold/
Euro zone has a card of rate cut while we have none. The trend as the market percieved right now is "getting out" this UUP gate as quick as possible.
It's a brave thing to trade this market. Counter-intuitive or just what someone wanted?
Can't believe the lack people who are knowledgable in currencies on this board...Its really important to know the value of the buck when dealing with, Oil, Metals, Meats, Trade and the Euro...Big changes are in the wind and everyone's portfolio is at risk...Dollar needs to be stronger to save the Euro and yet FXE rallies when Europe needs a weak currency and its about to implement some dilutive measures to save it.Am totally confused.