Coelacanth

Dollar Falls to Record Low Over Fannie and Freddie

dadodge2,

If you knew anything about trading you'd know that if you practice strict money management you only need to be right about 45% - 60% of the time to be a successful. Ever stop to consider Ms. Lien may be disciplined in calculating her risk to reward ratios? Probably not.....because you're too busy judging. Is she right on every call? Of course not....none of us are.
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Crazy price action last night......it was telling that despite the awful German ZEW current sentiment read that the euro barely skipped a beat this morning. Oil backing off and Legarde (French Finance Minister) stating on the wires that "the euro is too high" this morning seemed to help USD a bit. IMO if (and that's a big if) EUR/USD can close around 1.5900 - 15910 that might signal a reversal pattern (for dadodge2......."revers... in trader speak doesn't mean it will start going the other direction....it means the current trend may be stalling or ending).

We'll see......I still think the euro is overvalued and experiencing its last bit of strength against other majors before euro-zone weakness comes into sharper focus.