Quote:
Originally posted by eternalfuture
As I mentioned yesterday, I doubt that the capture of Saddam will make the USD trend reversed.
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I still think it was reasonable to expect a slightly longer dollar rally though, taking into account Brussels, Saddam, the ECB, and profit taking from accumulayed dollar shorts before the holidays. I don't think anyone really expected a major trend reversal or sustainable rally as such, a slightly longer/stronger rally would have been nice though!
It's taught me again (for about the 99th time) not to trade news, I'm always saying it, and then go and do it myself!
We live and learn, and hopefully learn by our mistakes, at least it will save me changing my avatar for a while
Pete
ps Hi GC