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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (95758)	5/1/2002 9:43:47 AM
From: John Pitera	Read Replies (1) of 132070

Michael, did you see that The most recent IMM Commitment of Traders Report revealed the largest net speculative short position in the dollar since last October. This should limit the downside in the USD in the near term, and with the Dollar Index having major support at 114.50 we could see a rebound rally in the USD. the spot euro has resistance at .9060. The Euro/Yen cross has seen it's range contract over the past 3-4 weeks. It probably makes sense to get long volatility on that cross. John

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