Watching the Financial Markets this week was quite fascinating with plenty of fundamentals and economic news. The greatest of which were the NPF-Non Farm Payrolls in the USA and the ECB-European Central Bank rate cut. The ECB cut its rate from 0.05 to 0.25 which is a 25 bp(basis point) cut and the NFP figures came out better than expected. Most economist and Analyst did not see this coming soon. Trades views for now will mostly be focus on the Majors. Looking for long Trades or buy Trade on USD crosses and Short trades or sell trades on EUR crosses till the end of the year My advice is Buy USD and Hold till December Sell Euro and hod till December
Posted on: Sat, 09 Nov 2013 11:58:31 +0000