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NITLEVITAN

Articles Posted: 0  Links Seeded: 229
Member Since: 8/2011  Last Seen: 2/22/2012

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Bears Dominate OpenBook Despite the Aussie Rally

Seeded on Tue Jan 24, 2012 2:36 PM EST
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business, forex, trading, stock-markets, foreign-exchange, online-trading, online-forex, share-markets, social-trading
Seeded by nitlevitan
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With economic data points lacking today from the Eurozone, some traders have switched their focus to the Australian Dollar, which is rallying higher, trading recently at 1.0563, a session high. Even trader pyruss, who allocates nearly 95% of his trading account to the Euro-Dollar, earlier today opened a position in the AUD/USD pair. However, it was a short position, currently in the red and no where near the stop he set at 1.1000. Pyruss occasionally dabbles in the Aussie, over the last 6 months allocating 2.8%, but his returns on that investment have been minimal at 0.2%.

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