It doesn’t matter if you paid 8 figures or 4 figures. We all get it wrong now and again.

Here Nomura out this morning with a epic fail on the eurusd trade.

nomura-eurusd-050913

Always a dangerous one calling false breakdowns. If euro rates were rising more quickly and over took US$ rates then i could have had some (but only some) sympathy with their call.

Rich

 

 

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