Well you guyz might have made enough profit with any currency that is paired with USD in Forex Market. For instance, yesterday USD/CHF has hiked around 130 pips and EUR/USD and GBP/USD came down around 150 pips.
If you have played well, you might have made 150 pips from each currency.
Alright, what do you think the reason would be for this USD hike? One is the postivie news about US. The other is the slash down of Crude oil. Few days back the cost of crude oil was around 140 USD per barrel. And now the cost of crude oil is around 121 USD per barrel. Its hovering around the area 121 and 122 USD.
So chances are there for crude oil to be increased upto 125USD per barrel today. And chances are there for USD also to weaken.
Letz wait and watch....
Tuesday, July 29, 2008
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