October 24th, 2011 15:34:10 GMT.

If we can hold up here…

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Looks like we have some serious upside. There is still a large net short-position in EUR/USD (though being whittled lower all the time), so a run for 1.4000 barriers cannot be ruled out.  1.4040, the 50% retracement of the 1.4940/1.3140 … Continue reading

2011-10-24T15:34:10+0000

October 24th, 2011 15:09:38 GMT.

It’s all good!

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The S&P is up 1%, the EFSF is gonna be levered up to EUR 1 trln, The SPIV is spiffy…EUR/’USD is back above 1.39. With the market still nursing a sizable long dollar position, the risk appears to be to … Continue reading

2011-10-24T15:09:38+0000

October 24th, 2011 14:45:46 GMT.

Wipe $556 bln from latest rumor

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Everyone keeps messing up dollars and euros when putting out their rumors. Come on, people! The Latest is EUR 1 trln, so reduce the earlier rumor by $556 bln or EUR 400 bln.  

2011-10-24T14:45:46+0000
2011-10-24T14:38:44+0000
2011-10-24T14:35:05+0000
2011-10-24T14:30:48+0000
2011-10-24T14:23:12+0000

October 24th, 2011 14:21:03 GMT.

Risk-on, sorta

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In this environment, I guess it might pay to be a bit more choosy. Rather than just blithely buying EUR/USD every time equities rally, maybe you’d be better off to blithely buying AUD/USD. No euro jitters to contend with plus … Continue reading

2011-10-24T14:21:03+0000

October 24th, 2011 13:58:26 GMT.

ECB ups its game

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First uptick in bond buying in quite a while. Bought EUR 4.5 bln last week. Total portfolio of EUR 169.5.

2011-10-24T13:58:26+0000

October 24th, 2011 13:45:54 GMT.

US shares open firm

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Not your average risk-on market this morning. US shares are up on fundamentals for a change, with strong earnings from Caterpillar the big driver. I wish I was smart enough to know whether to buy dollars or buy risk (EUR, … Continue reading

2011-10-24T13:45:54+0000
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