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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