eToro – Forex Trading Forum

[BlueinGreen]

Hi all

First of all,
I would like to point out that today is a holiday (Labor Day) in U.S and Canada – so expect lower volatility around North America’s trading hours.

The month of August 2008 has ended with a booming dollar – regaining much of its losses against major pairs during this year.
In fact EURUSD has ended this week at the same price it opened the year 2008.

Some of the currency analysts suggest that this was the dollar’s biggest advance in 10 years.
Although I did not confirm that, it sounds like a reasonable estimation.
However - The 1 billion dollar question is not what the dollar did of course, but rather what is it going to do next.

Was this burst of dollar strength a one month stand ? or is it just the first stage of a fresh new bullish trend for the dollar ?
Are we going to swing in September? Or trend till October?

The answers are in-between the lines – making money is all about learning how to read the market and react in time ( cant stress this enough).


Main event today

9:30am GBP Manufacturing PMI Forecast 44.0 Previous 44.3

Wish you all a profitable September

[buntybawa]

hello
this means that gbp is growing or will increase
if yes then plzzz reply me

[BlueinGreen]

hey buntybawa,
im not sure i understand your question,