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
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
Suddenly Italy is the most powerful country in regard to the operation of the ECB. The president, a member of the managing board (Bini-Smaghi, who refuses to resign) and Visco will be looking after Italian interests, one can assume, on … Continue reading
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
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
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