The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ggersh who wrote (216009)	8/18/2009 8:30:26 AM
From: RockyBalboa	Read Replies (1) of 306849

Today the EUR is clearly held back by the huge resistance in the carry trade. The GBP, kind of unplugged, gained. Either we see a big ramp when US markets open, or it is just finishing chart painting in the pound. We will see soon. Normally I would say, the dollar should gain a little more! but it is not so...so far, oops! The sagging carry trades do not foretell nice things to come; when the pound comes under pressure or the dx heads towards 80, then lookout below, for stocks. Treasuries are saved! (once more, rinse repeat). Stupeed the yen drop... I guess. The foursome, FAZ(-), EUR carry(off), GBP(up) and Libor rates(fading) send mixed signals...

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