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Showing posts with label UBS. Show all posts
Showing posts with label UBS. Show all posts

Friday, 28 October 2011

FOREX market, why u so mean ?

Trading on the Foreign exchange market has been a bumpy ride, and the highest possibility is that it will get even bumpier. Most of the currency pairs surprised investors some way or the other: the EUR/CHF Swiss Bank intervention, the EUR/USD sharp drop then rebound on  EFSF news, the USD/JPY fat finger and the expected Japanese easing, the USD/HUF breakout of its channel and imminent retest of channel resistance, etc. It's been a looong month.