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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
I'll buy that Sir. After all (EUR)/GBP isn't worth thinking about (well, the GBP isn't, even for those of us with it in our pockets...), and EUR/JPY is in a different class...
They will wait for Europe to do that since they've done it EVERY day this year.
Then when they pop, analysts will credit aussie unemployment. But what does aussie unemplyment have to do with trash euro and cable?
And why didn't they pop on the news?
Remember, before things can go down, they have to stop going up first.
"Cable" sub 1.63.
usd/cad moving up, albeit very slowly
hOW ABOUT THE PLAIN AND SIMPLE "euro" for eur/usd.
They might have to call in the eur/gbp steroid dogs to pump The Pounder some more.
But then again, they all cashed in yesterday.
Anyway, it's still early in asia, and not much liquidity in the market.
They can whipsaw these pairs around and run stops ild yet.
"pounder" - very good - but hey, "cable" already has a name ... it's EUR/USD we need a name for! :-)