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Strategies & Market Trends : John Pitera's Market Laboratory
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To: macavity who wrote (5603)2/14/2002 11:34:27 PM
From: John Pitera   of 33421
 
Hi Macavity, I've looked at some of the very longer term USD charts versus other currencies. The USD would need to move much much higher to approach those old 1985 highs.

I agree with your analysis, the USD's longer term uptrend is intact. We probably will see the Euro go and make a new low as the 4 year cycle is suggesting.

Thanks for the feedback.

those curve flattening trades I've been talking about here the past 2 weeks seem to be occurring.

12:47 ET 10-year: +8/32..4.951%....GNMAs: +3/32....$-¥: 132.32

A trader telling us that the flattening trade is the "trade of the day." And to this end, the slope of the curve is reflective of this thought. 2/30 spread is at 234 bp versus 241 bp late yesterday. 10s better by 4 bp and bonds better by 6 bp, while 2s are in the red


John
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