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Gold Catching Down with Euro
Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
oh well lets see. ashraf has given me so many pips, that in the worst case, one loss will not hurt me.
As I write in the other Gold thread, I don't understand the timing of why it fell sharply this morning (0900-1000) GMT, but I'm grateful anyway. As I write it is slowly advancing up through 1093-1094.
Pre-Bernanke nerves or what?
I heard similar analysis of EURUSD in 1.50 region again this weel. I saw an analyst from DBS Bank (out of Singapore) on CNBC Asia or Bloomberg this week who is a overall dollar bear for this year, and expects the EURUSD into the 1.50 range. As for me personally, DBS's funds have been the worst performer out of my own portfolio of investments over the past 3 years - even their own relationship manager's don't recommend their own funds anymore - I am already so much underwater with them, that I take their analysis with a pinch of salt, to help me avoid wanting to puke.
Callum
what is your opinion wts crude tomorrow?
hmmalik