Forex Analysis

Another crazy day in the forex markets. No one seems to care about the fundamentals these days. Much worse that expected ZEW numbers prompted EUR buying which resulted in a brand new life-time high. Probably ECB will have to cut the rates sooner than they have ever thought. Why not in the next few meetings.

This entry was posted on Tuesday, July 15th, 2008 at 2:49 pm and is filed under Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.