The Dollar

Discussion in 'Trading' started by Landis82, Sep 9, 2008.

  1. The euro held yesterday's lows and is just a few ticks from taking out yesterday's high at 142.49

    Could very well see some constructive technical underpinnings vis-a-vis the Euro which will put some support under an extremely OVERSOLD energy sector.

    Oct. NG back to 7.44 after trading as low as 7.125
  2. I noticed the same. Move for the dollar could be getting a little exhausted and is overdue for a pullback
  3. The FXE ( euro ) just got all the way back up to 142.42 before slipping back a touch.

    The OIH and the rest of the drilling complex is having multiple point moves off of the intra-day lows as a result of this Dollar weakness.

    Great trading sector, that energy complex!
    Potash just came back 6 points off the lows in a mere 40 minutes!