EURUSD trades relatively stable in the 1.51/52 range today, despite Eurogroup’s Juncker being in the wires again saying: “- EUR overvalued in relation to other currencies, - JPY and YUAN undervalued, USD somewhere in between, - USD tends to be undervalued rather than correctly reflecting fundamentals.” (Reuters / Market News Int).

I’m only speculating on small varieties, with a bid/ask spread of 2PIPs relatively minor moves can give small profits, so I went in at spike at 1.5218 and out again some 10 pips lower with 8 pip profit.

All in all it is a nice and slow Tuesday with some Microeconometics lectures and some trading to make the the day slightly more interesting.

This entry was posted on Tuesday, March 4th, 2008 at 12:07 pm and is filed under FX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.