Discussion in 'Forex Trading' started by ASusilovic, Jul 30, 2010.
Expect more CHF gains, maybe even parity and below. QE II in the US in preparation...
I sold most of my long CHF (bot USDCHF, that is)...
This information would have been a lot more useful about 6 weeks ago. It seems to be bottoming at the moment in an area of resistance/support. Whatever happened to the Euro? I thought it was projected to hit parity with USD as well?
If you had to put all your money in one currency today, which would it be?
Since I would never contemplate doin such a thing, I don't know how to answer this. Diversification, you see, is my middle name.
It's just that many currency pairs have seen 10% to 30% swings these last 2 years which is quite the return for just holding cash if you were positioned in the right one.
Today the opportunity for such return trough currency swings alone seems less present.
Yeah, I don't know, man... Trying to time these things is very difficult. I have done OK, mostly, on some small punts (EURCHF and EURSEK), but that was just for fun.
In terms of actual cash, I try to stay diversified.
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