lunes, 16 de junio de 2008

beyond scalping

Easy one this morning: +/- 34 pips: bought eurusd @ 1.5400 and let it go upwards.

I don't know really why the euro went up, especially after the Irish vote refusing the Lisbon Treaty. I would have expected a decent fall  but it's the opposite that happened. So this leaves us with the usual suspects to explain the move :

oil climbing steadily
Israel planning to strike against Iran nuclear factories
Trichet announcing a rate hike soon if inflation goes up
signs of inflation creeping up in many sectors
workers going on strikes and asking pay raises which fuel inflation expectations.

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