Chronicle of the biggest, deepest and most liquid market in the world, the Eurofx market, traded on interbank spot forex market as Eur/Usd and on IMM as the Eurofx futures. Patterns include CCI patterns ZLR etc. IMPORTANT notice: Nothing in this website constitute any advice to buy or sell financial instruments. The contents of this website are for EDUCATIONAL purposes and should not be construed to constitute investment advice. Charts will be from FXCM Power Charts.
20070305 The media claims the equity markets sell off and commodities dumping are the result of the Yen carry trade unwinding. but these moves are the norm in the volatile FX markets. Anyway the charts sow the USDJPY and EURJPY plunges in the past week or so.
EURUSD chart
posted by emacro @ 7:10 AM
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