Like I said, ECB President, Jean-Claude Trichet was DOVISH last night, he didn't mention the 'strong vigilance' mantra, like he always did. So, the euro initially spiked as high as 1.3165, and then boom..the hike did not result in a lasting reaction. I SOLD euro last night at 1.3160 and took my profits at 1.3120.
But don't forget tonight, the NFP news. My two cents, if you hesitate and don't have confidence to trade this news, don't do it at all. Now more than ever, the NFP report has the potential to trigger sharp movements in the currency market. The estimates of the 80 economists surveyed by Bloomberg range from 38k to 165k with a median of 95k and an average of 98k. I don't know...if the market do not react in line with the fundamental report, I'll just stay aside. It's better to gain nothing than losing..
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