FED cut done. Story written.

Although majority of my trades are stock trades, I also monitor closely Forex and commodities (especially gold and oil). Some of them I trade by commodity ETFs (GLD, USO, SLV and so…)

I would like to stress my opinion on USD especially in EURUSD Forex pair. There is so large bearish sentiment for USD that I think it could serve as contrarian indicator. When so much people think about only one direction then opposite could happen.

So I will not be surprised if USD will correct especially against EUR in near future.

This entry was posted on Wednesday, October 31st, 2007 at 9:57 pm and is filed under General. 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.