Hello fellow pipmaster,
I am unsure whether this thread posted properly, but, since here is fundamental ville, I think my thread should be excused.
Well, I wonder why EURUSD bearish yesterday, since economic data from US still dissapointing, except for unemployment, and EUR data, especially Spain bank test, is better than expected (Although the test result still bad).
I trade AUDUSD, and the I felt the effect of this sentiment drag my Aussie down.
Anyone could give me a clue or advise?
thanks
Usually you can not make of a lot from friday’s trading but the main issue is that the Euro crisis far from over…Spain, Italy even France might have to ask for a bail out sooner or later… and technically speaking where are still in a weekly down trend…
it all depends on the situation. sometimes friday is the best day, sometimes it’s not
[B]pipguardiola[/B],
I guess, yesterday was a nerviuos day because of the ending of the month and the quarter, which combined with the coming weekend, creates a foundation for thin and irregular market.
I think you didn’t read my post… I 've never said fridays were a bad trading day…
Man, thanks for all your post
Well, the issue is, why despite of “better than expected” bank test result in Spain, combined with dissapointing data from US, the US still drag the Eurodollar down