The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: BEEF JERKEY who wrote (15247)	6/14/2004 11:27:58 AM
From: Haim R. Branisteanu	Read Replies (1) of 110194

FX is quite complex on a daily basis and as such it is difficult to arrive to any conclusion. 1. there is substantial manipulation and stop loss busting on purpose by various Money center banks 2. the action of various CB's including Asian Countries is difficult to predict and they act in their own country interests and care less about fundamentals as they do not report to any publicly elected body 3. there are the various carry trades of various hedge funds and other institutional investor who relay heavy on derivative trading - again a difficult situation to decipher. From a fundamental point of view the US should be interested in a lower USD even with the potential of potential inflation which is already taking effect. As to the action today - they kicked out the UDX longs. IMHO the UDX should be about 10% below the current level but it is not - so much for my expertise <GGG>

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