This is my last article of this year. I will be heading to Abu Dhabi & Dubai until 28 December 2009. The Forex market remain thin. Euro & Yen has been falling like hell for the last 4 weeks. A lot of traders will ask this question. Is USD coming back?
Well, below are my opinions.
1. November & December Forex market normally not reflect the "real movement" of the market. This is due to many big boys taking rest and unwinding their position for the year end closing.
2. As mentioned early in my articles, Financial Media Mogul is controlled by big boys. Beware when all the news support USD suddenly coming out to create fear in the market. Recently, Dubai and Europe Banks has been targeted by this group.
3. No doubt, in fundamental point of views; US is showing some improving with the perception ahead at least 6 months from now. The treasury yield curve suddenly steepen and now people will use it to compare EUR/USD. No more Dow Jones. Ha....you know what is called financial world now!
4.By the way, I am not in the mood to make any move. I will hedge my position especially EUR/USD. Technically, down trend has been formed.
5.The real party will start again after 5 January 2010.
Merry Christmas & Happy New Year 2010 to all my readers!
