Steps – planning without trading
I didn’t have the chance to trade this morning but I was squinting at charts while working on something else. I couldn’t resist creating a trading plan even when I was not trading. Good exercise for practicing patient state.
Well, just a thought …
dailypickgain
November 4, 2010 at 3:51 pmWhat is you thought on where the USD/Eurowill be by Feb 1st.
lechiffre
November 9, 2010 at 12:49 amWell that would be like asking what would be the wather like on Monday February 2nd. We know that for our region it should be generally winter and cold but no-one can make the prediction exactly because noone knows. Danske Market Research group and Lloyds TSB thinks that EURUSD would trade around 1.35 – 1.38 zone. In my opinion:For dollar: With QE2 working (or not) we would have to see some stronger fundamentals like unemployment rate (possibly below 9% the best 7.6% :), interest rates, inflation etc, in the upcoming months. For euro: all eyes on sovereign debt, German fundamentals and PIGS economics developments. So saying the prognosis now would be like (flipping the coin – x :).