Fulcanelli
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Something that might be of interest to you guys, as I imagine it'll have an explosive affect on this currency pairing if it pans out..........
http://www.turkishpress.com/news.asp?id=105626
For those who can't be arsed clicking the link, a pertinent paragraph (for traders) is:
in March, Teheran will implement its 2004 decision that it will start using the Euro instead of the Dollar in its petroleum trade, establishing a petroleum market, and breaking the “petrodollar” monopoly. Iran will open its petroleum market in March. Euro will replace Dollar in the petroleum trade. This will constitute a major attack on a vital component of the American Empire. Once the decision is implemented, a real debate will start on this doomsday scenario for the American economy
Scary!
http://www.turkishpress.com/news.asp?id=105626
For those who can't be arsed clicking the link, a pertinent paragraph (for traders) is:
in March, Teheran will implement its 2004 decision that it will start using the Euro instead of the Dollar in its petroleum trade, establishing a petroleum market, and breaking the “petrodollar” monopoly. Iran will open its petroleum market in March. Euro will replace Dollar in the petroleum trade. This will constitute a major attack on a vital component of the American Empire. Once the decision is implemented, a real debate will start on this doomsday scenario for the American economy
Scary!
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