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psperos · 09-11-2004, 00:30

Nice work iris,

Yields are also sneaking up as the USD makes new lows and euro makes new highs at all time highs of USD index shorts and EUROFX longs.

I’m not shorting the euro at this time though. I’m going to wait to see the outcome of the events this Wednesday. I’m hoping to short above 1.3 on a knee jerk reaction that will end up being the top for the euro. Look for a surprise in the Friday’s retail sales. This could fuel start the 10yr yields to start a move above 4.3%, starting a USD bull run.

Trichet has also set the mood for the G7 the weekend after next. USD bounce should start this week into next... Hopefully new eur/usd highs before then for nice shorting prices.

09-11-2004, 00:30	#745 (permalink)
psperos level 3 Join Date: Oct 2003 Posts: 407 Rep Power: 0	Nice work iris, Yields are also sneaking up as the USD makes new lows and euro makes new highs at all time highs of USD index shorts and EUROFX longs. I’m not shorting the euro at this time though. I’m going to wait to see the outcome of the events this Wednesday. I’m hoping to short above 1.3 on a knee jerk reaction that will end up being the top for the euro. Look for a surprise in the Friday’s retail sales. This could fuel start the 10yr yields to start a move above 4.3%, starting a USD bull run. Trichet has also set the mood for the G7 the weekend after next. USD bounce should start this week into next... Hopefully new eur/usd highs before then for nice shorting prices. Attached Thumbnails Last edited by psperos; 09-11-2004 at 00:34.