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A firmer EURO but for how long?
Monday, March 2, 2015 6:17
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In a day where
A head we are looking at a number of data from the US bannered by the latest ISMnumbers where consensus forecast points to a number marginaly changed at 53.10 evenas we point outthatthe UK’s own figure surp[rised onthe upside to 54.10 from the previous 53.00. Any shortfall for the US figure could potentially see Cable chasing the Euro up against the dollar though we would still stick to a strong dollar view in the near term ahead of Friday’s NFP.
Source: http://www.fxinstructor.com/blog/a-firmer-euro-but-for-how-long
This is a question on everyone’s mind but is it not the case for last few months at least? We always ask how long this can go on and it continues and I think it will go on like this for more time. I am trading on with strict money management and thanks to OctaFX broker that I use as I can have swap free account so I am saved from paying fees on keeping trade for more than 24 hours.