Friday, December 13, 2013

An observation of the fx market

I said the following at the TPG forum on December 7, 2013,

Click the image to enlarge...

A fx expert shared the same view,

What did we learn in the forex market this week? (I recommend that you read the comments at the bottom of the article)

...The US dollar has gained across the board but there is one exception — the euro. The resilience of the euro is the lesson we learned this week, once again. The euro is down for the second day in a row on Friday but it gain for 7 straight before that. In the bigger picture, it’s up for the fifth week in a row as it dabbles with the highs of the year.

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