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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (2257)11/16/1999 9:47:00 AM
From: Paul Berliner  Read Replies (1) | Respond to of 3536
 
I think that the problem this year in currency trading circles is that for the major pairs, there is no visible intermediate-term trend to confidently trade on. There's just a lot of congestion. While London traders are probably as active as ever, the hedge funds and institutions that speculated last year are currently sitting on the sidelines, patiently waiting for a clearer intermediate-term view. Everyone is saying that the Dollar will depreciate in 2000, but I don;t see too many market-moving bets against it being placed.



To: Henry Volquardsen who wrote (2257)11/17/1999 4:04:00 AM
From: elepet  Read Replies (1) | Respond to of 3536
 
Thank you so much for your response. I read it to my son and he was much heartened by it.
One off the wall thought about the currency markets. Is there a possibility that because the stock market is so wild these days, that people who would "ordinarily" be trading currencies are finding that stocks satisfy the "speculative urge" and so are trading stocks instead?
Does that make sense or is it a different group of folks entirely?