Trading in the euro dollar at the moment is proving to be a difficult proposition, and unlikely to get any easier in the short term. After all, logic suggests that the euro should have have sold off against the dollar long ago, given the unrelenting and increasing pressure from Greece and the other so called PIGS. Nevertheless, the euro dollar continues to remain bullish,with many traders shorting the pair on the stream of bad news and anticipating a dramatic collapse, only to be caught out repeatedly as the pair rally once again. In this short video I explore some of the issues that you need to consider when trading in the euro dollar from a fundamental perspective following the Non Farm Payroll data of Friday.
About Anna 1036 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.