Its just a few minutes to the release of Euro data and the more I observe events, the more I realize that there really is a hidden hand in all of these. Therefore the key to make money is to figure out how the hand will move.
Many forex experts are beginning to look pathetic. One day, they focus purely on fundamentals and next they focus purely on technical analysis in a bid to cover their erroneous projections the previous day.
If its enough to confuse a finance guy like me, then you can be sure the average Joe who just clicked the links that promised "to make lots of money through forex" has his head spinning.
Despite this scenario though, there is hope over the horizon. The Federal Energy Regulatory Commission has accused JP Morgan of manipulating power prices and if they can do this in the power market, then they can definitely do this in the Forex market. All that is left now is for the Feds to sit up and take notice before the hidden hand rips the market apart.
Here is a link to the JP Morgan rate manipulation story for those who are interested.
Its a heavy data week and its looking to be the wild wild west again with no sheriff in sight so good luck traders!
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