What a choppy session indeed. In review we identify two possible trades on the EURUSD. The second was more available to us once we settled in for the day.
Forex TV - Thomson Financial’s Kruger discusses Fed rate cut expectations, and the U.S. equity rally weighing on the major currency pairs. USD/JPY and JPY crosses strengthened as the major indexes advanced over 2.5%.
Thu, 29 Nov 2007 06:49:05 -0800 Yen Franc Fall the Most in 2 Years on Demand for Higher Yields The dollar was poised for its largest weekly gain since August versus the euro after Federal Reserve Chairman Ben S. Bernanke yesterday signaled he may lower interest rates to bolster growth reducing the market’s concerns about a U.S.