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Strategies & Market Trends : Aardvark Adventures

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Nov 21 9:30 AM EST

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To: ~digs who wrote (1614)	10/6/2005 10:51:41 PM
From: ~digs	Read Replies (1) of 7944

Euro hits $1.22; biggest 1-day rise in over 3 years yahoo.reuters.com The euro traded above $1.2200 on Thursday, posting its biggest one-day rise against the dollar in percentage terms since July 2002 as the greenback succumbed to massive selling across the board. Traders struggled to pinpoint one driver for the huge moves. Instead, risk reduction in several asset classes, large-scale position squaring ahead of potentially volatile U.S. jobs data on Friday, waves of stop-loss trading and hawkish comments from European Central Bank chief Jean-Claude Trichet are among several reasons being cited. Late afternoon in New York, the euro was up 1.9 percent on the day at $1.2205 , its biggest one-day percentage rise in over three years. In nominal terms, the dollar index posted its biggest single-day decline since just after the September 11 attacks on New York and Washington almost four years ago. -------- stockcharts.com[w,a]daclynay[pc40!c200!f][iut!La12,26,9!Ll14]&pref=G ------- > crystal clear double bottom for eurusd daily > barring a large selloff tomorrow, bullish engulfing candle on weekly

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