Update: Based on market context, we were able to closed the trade with positive 65 pips in profit.
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Following the examples of EU, Germany is now also investigating Goldman Sachs. This is the tip of a huge iceberg that could bring about another strong capitulation of the market in the same level of Lehman Brothers.
Germany may take…
Here is the scoop: Japanese Finance Minister Fujii surprised the market late evening by hinting that Japanese government will not intervene the market, allowing free regin over the recent JPY strength. The result of this little verbal diarrhea caused some massive movement in the JPY crosses only comparable to the likes of 2008 carry trade […]