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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (109324)6/20/2001 2:00:56 PM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
Heinz, to day was an interesting day for the €, the short term resistance was €0.8500 the currency dipped to that level this morning only to reverse after a second test (50 bp move since 12 PM ).

It seems to me the currencies are much more TA oriented, and taking into account the size of the contracts €125,000 in the Euro case the fluctuation are very substantial.

Will see what the European Bankers will decide by tomorrow regarding monetary policy.

Haim
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