Fri, Oct 17 2008, 11:32 GMT
by Anthony Samaha
35pips EURNZD Mission Accomplished
A. (17October US) Latest Impact: German Injection
Countries are injecting money to the banking industry and today Germany is following – it is a good indication of what I referred to in my previous week newsletter (10 Oct: headline: GERMANY will be the worst case scenario among European countries when anew crisis erupts). Today’s injection is a proof of the worst visiting the German territory within less than 3 months.
My way of the injection analysis is exactly similar to the way we describe in the market: The market will rebound and the rally will prove unsustainable. The injection will let the market rebound but all rallies will prove unsustainable.
For the short term, stability of fx is back on the show!
B. Signal
Limit Order Valid till 17 October
C. Mission Accomplished:
(16October Europe) EURNZD: Long 22020; TP 35pips
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Fri, Oct 17 2008, 11:34 GMT
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