Well, the year 2008 has started and already we can feel the heat of carry trade unwinding. The EUR has violated the Current Trend support line. The looming US recession will impact the European economy negatively and therefore our bullish outlook on the EUR faded with the year 2007 :)
**************************************************************
Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
No comments:
Post a Comment