Overheard On The Forex Stream
- December 11th, 2010
Price action this week was not as exciting as expected. Despite 4 central bank announcements, resulting in no action from anyone, currencies found themselves rangebound and unable to find real direction except the EUR as sovereign debt issues continue to weigh. China took center stage this week as traders anticipated a monetary policy announcement from the People’s Bank of China:
Nevertheless, action in the forex market remained subdued. Even positive data out of the US failed to spark definitive direction.
And I am loving that the forex stream is becoming more global and inclusive with more and more of the exotic pairs popping up in the stream.
This is what the forex market is all about! Enjoy the weekend.
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Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more)