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Euro accepted in Manhattan

Written by A Forex View From Afar on Thursday, February 07, 2008

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Don't know what it is exactly that Mr. Trichet and the ECB does, but they sure have aneffect on the media. Remember Gisele B√ľndchen asking to be paid in Euro's or rapper Jay-Z waving Euro's instead of dollars in some music video?
Now another sign of international acknowledgemebt for the Euro comes straight from the heart of the dollar: New York shoppers are starting to we accept the Euro. That's a hard hit.

forex, dollar, euro, blog, trading

There are only 2 ways left for the Euro to totally own the dollar: to be able to buy US Treasury Bond in Euros and to see guys wearing Euro medallions instead of the dollar medallion.

But the hardest hit for the dollar will be if the Fed announces that they'll start printing Euro's, for a small fee of course. Hope not, because they are going to destroy it, as they did with the dollar.

Yahoo: "Euros Accepted" signs pop up in New York City

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There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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