Choppy first day after failing to hold an early rally.
To suggest more than just a sparring match either side of 5800-6000 would need to be firmly broken. Assuming this is the broad range, then 5900 acts as the pivotal level.
The German energy industry is calling for the expansion of gas-fired power capacity, and a reduction in the electricity tax. It wants the next government to move quickly after the February election.
There is a huge difference between talking and acting in the foreign exchange world. Actually, it takes some naturally built-in guts to pick up the telephone and conclude a transaction. And it is true that «either you ‘ve got it or you ain’t got it». Traders agree that «once a trader always a trader». Even the best market analyst is not necessarily a born trader. And on the other hand a trader can never really give up the trading instinct.
The Tone …. that is starting off 2025 trading
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USD is on up n uP side
– likely to continue thusly for the – at least – short term as players are primarily focused on the relative prospects (vs other CBs) of the FED slower for longer rate cutting theme.
Nothing of notable significance for traders to game on the Econ Calendar today.
EURO 1.0330
Puppy has that “wanting to dive into the toilet” look here while under 1.04 and especially 1.05
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