2006-09-02


EUR/USD : Traders are idiots :)

As we can see from EUR/USD chart, we have rising EUR every morning, and faling EUR every afternoon :) Looks like traders are real idiots.

One possible explanations I read is that EUR/USD market is not that big as stock exchange, and when some funds exchange (or buy/sell) currency, it really change the price with about 1 cent.

We are bullish on EUR.

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