Monday, 15 October 2012

Heard Corp, Model & Real Money Demand in EUR

EU's Rehn headlines, pushing EUR higher so far. Earlier he mentioned on giving more time to Greece on Fiscal reforms. Also there are chatters in the market that Spain govt is considering a bailout. However, I am still not sure if they will ask for it so soon. Spanish bond yields aren't hitting the extreme levels yet. I think EURUSD will still be trading in a range. Offers will be out at around 1.3000 psychological level till more concrete plans being rolled out in Eurozone. Good luck!

1 comment:

  1. I am still looking for opportunities to fade this half a cent rally in EURUSD so far today.

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