Alright friends, I'm sorry for being "off" this week and for not posting some updates. I have a bad cold and some respiratory problem and am hoping for a speedy recovery..:)
This week is supposed to be a bull run week for the euro on the back of yet another disappointing NFP number. ECB hikes as expected, but that was "a one and done" event, squashing any expextations for further hikes, at least for the next quarter of year. ECB has no bias at this point but will do anything in their power to keep inflation in check. Meanwhile, US financial markets continue to suffer from credit crunch crisis with Standard & Poor index tumbling to its five year low. Does not bode well for carry trades I might say.
Alright, gotta run. We have a busy trading week ahead of us. Till the next update...
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