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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (21647)7/30/2009 2:49:15 PM
From: RockyBalboa  Read Replies (1) of 71417
 
Since I am short a EUR contract at 1.4069 (so Im behind 10 pips which is, given all others today, practically zilch, and a EUR devaluation) I am clearly alert. But your´re right it should have bounced more, given that it lost 300 points in the days before (if it does not behave, I cover). The pound was less pleasant and I took it off.

THere is another thing which clearly shows European QE, the german bund futures rallies another day (+50), the ECB must be busy buying up the contract. This and that weakens the EUR.
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