Tuesday, 2 October 2012

Empty US data session. Eur just grinding slightly higher.

This is my 100th post of my blog. Thanks everyone for following me and I hope my information have been useful to all. I like the FX market and I hope my followers will benefit from my views and the things I hear in the market.

For this evening, so far we hear that Moody's will announce results of spanish ratings at the end of OCT. Personally I am bearish Eur.

I will still sell EURUSD on rallies. I think Eur could visit close to 1.3000 again and I would try and sell on that rally.

No US data tonight and market is just fairly rangy.

Tomorrow we have UK services PMI which is important for GBP. I am still short GBP and still looking for lower levels. Possibly below 1.6100 to tp partial of my position and reassess from there.

Good luck :)

2 comments:

  1. Wonder how things are looking in the Eurozone..

    ReplyDelete
  2. I feel its still a long way for eurozone to recover. Looks like the problem will drag on for a while and maybe years.

    ReplyDelete