3Comparative Charts EUR-GBP LiveMegatrade101.com video support for our Market view Analysis dated from the 07th of June & the 15th up to the current June 23rd 2011 market price action. As volatility continues to increase speculative trades has been much lesser due to the wider trading ranges of the majors. This is equally true to the back & forth resolutions and market activity in the Euro Zone with Politics playing a greater role in determining the direction for the Euro. Meanwhile, the relief rally on the stocks have been seen with some reluctance from investors as the net change of the economy has not been that convincing. In spite of the USD recovery, a slow yet gradual momentum is still building for that much awaited USD rally from the past week that has led the Euro and the British Pound to move lower. Meanwhile, the USDX has garnered enough momentum from its recent correction of 74.38 and is currently at the 75.50 bp as of this writing. True enough, the price reversal was indeed the first signal where the initial bottom for the USDX is now at the 73.15 -74.20 range levels called from our recent market view analysis dated the 07th of June 2011. And this was initiated with a speculative trade short on the EURGBP and GBPUSD. Simultaneously, hedged with along USDCHF at the 0.8378 levels. this has been a strategy to be able to maximize the market's potential on both directions of the trade. Although. a bit more expensive to maintain as increasing risk appetite were made based simply on a pre-calculated risk factor where the USD was too close from its all time low levels. D Expect that the rest of the week's trading towards the month end would be a bit more favorable for USD bullish players with wider fluctuations for the currency pairs from hereunto.And unless any real serious changes on QE2 would state otherwise. As long as the USDX would maintain its levels above the 75.05-50 basis points plus other fundamentals favoring a flight to quality position trades against the Euro then expect a build=up of momentum, increase in open interest and volumes in the next few weeks of trading activity. Of course, there will never be any real guarantees whenever one deals with the volatile currency market. Exercise caution and sound financial advise before taking such risk. Pls. visit our website: www.megatrade101.com code pour embarquer la vidéo : >>> http://www.youtube.com/embed/exlLWB7-WI4 <<< |