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Minor, short term, fluctuations are always occurring in currency markets.  They come from the high and hyper-leverage by the various players.  Even a minor purchase of $100 billion (US), at the right (wrong) time, can move the market 1 to 2 percentage points.

(I can't believe I just wrote "a minor purchase of $100 billion dollars.")

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Dec 17th, 2007 at 11:58:00 AM EST
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But this has been a trend for the past week now.
by vladimir on Mon Dec 17th, 2007 at 12:21:24 PM EST
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My "short term" means "an eternity" to a Day Trader.  :0

I view anything under 3 months as "short term."

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Tue Dec 18th, 2007 at 10:15:54 PM EST
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