1.3860 before backing off this time

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EUR/USD extended its gains to the 1.3860 level (EBS high) before easing back to the mid1.3840s. Stocks and commodities are holding their out-sized gains on prospects for fresh, aggressive QE and on increased tensions among central banks as the engineer a race to the bottom among currencies.

The Fed is lapping the field, so far, given its willingness to increase its balance sheet to never-before seen levels.

2010-10-05T18:57:05+0000

All|Americas|Central Banks|Market Rumors|Regions

EUR/USD

Jamie Coleman

4 Comments

  1. yeah..tell me about it. No wonder “currency war” is also the buzzword nowadays.
    I think we can throw technical trade aside and trade on the whims of the news. hahaha.

  2. I was gonna close and take my profits in the stocks… but this keeps going up. Help! I cannot find a good top to sell my out-size gains.

  3. Keep them until Uncle Sam takes them away…

  4. Jamie, If EURUSD barrier options are expiring today ( I think that was what was said earlier), does that mean EURUSD doesnt have a hurdle at 1.3860 anymore starting tomorrow?

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