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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (13382)10/23/2008 6:55:09 PM
From: RockyBalboa  Read Replies (2) of 71454
 
the volaltility is not for the faint of heart. I sold cash pound at 1.63 and then some, before the globex opened. Now, after the big fade it was to have below 1.6150 unbelievable, all within one hour. Same went for the Euro.

But one thing is clear: Buyers emerged. it will be a rocky road though, because the yen ride to 98 was quickly arrested and reversed. Bubble or not, it will take its time to realign. And the carry trades sees no love, thanks to the jittery Eur.
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