Archive for August, 2008
« Previous EntriesEUR/USD - Trades Within Daily Range
Saturday, August 30th, 2008Today’s EUR/USD trading ended in vacillation. The past fews weeks have finally brought the EUR down south. In a thinly traded day like today coupled with low volatily the market produced a lack lustred directionless day.
EUR Shed A Thousand Pips
Tuesday, August 19th, 2008Who would have thought have thought that the euro would have receded its upward momentum to 1.4690 a few month ago? The last three weeks have seen over a thousand pips shed from the EUR-USD pair. Is this an indication or the sign of a crack on the wall?
EUR/JPY Slides On Rate Decision (Part-2)
Thursday, August 7th, 2008The EUR was exhibiting weakness across board. Against the JPY, it is trading also trading at 168.17/44 range after making a high of 169.50 earlier today. It has since been consolidating around that 38.2% level.
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