EUR Trade Index 18-Year Chart

Looks like Ashraf was off. Not sure why he rendered a guestimate.

Perhaps we just has a blow-off spike in all the pairs. It sure woke up The Pounder, and it didn't even need to use eur/gbp.

WHAT DID I SAY ABOUT AUSSIE.

lPRINTED .9225, THEN SPIKED TO .9280

and speaking of aussie-kust look at it. Tradng like "someone knows something", just like The Pounder with eur/gbp the past two days.

BTW, notice today eur popping up, yet The Pounder can't (as of yet anyway) get through high prints the eur/gbp pushed it through yesterday.

All of a sudden, on no news, eur/gbp has a bid. Go figure.

Someone made a huge chunk of change once again at everyone else's expense.

We'll see if they get it right for aussie, or is Ashraft is correct.

Then again, even if they arew rong and Ashraft correct, the'yve already bid it up so hi it will simply fall to where it was one hour ago. Then all the Fundamental "Pound The Table" analysts will do what they do best, and tell you buy aud because it's going to parity, noo matter what the news is.

Hey, no offense to Ashraf, but I am really very surprised he published an estimate for the Austalian Employment report. That is a black or white thing, no resistance, no support, you ar either right or wrong.

No offense again, but lately the market hasn't quite been seeing things his way. Of course we all know in time it will....

@Rkkashmir:

You said "between eur and gbp, I usually pick the one based contra off the last big move in eur/gbp. That would mean shorting gbp as if there is a rebound in eur/gbp".

Sounds interesting. Would you mind expanding on this just a little, so I am clear what you mean?

Do you mean that if EUR/GBP goes DOWN you short EUR/USD and
if EUR/GBP goes UP you short GBP/USD?

Or the other way around?

I can never fully work out this little "menage a trois" accurately! :-)