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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (28909)6/1/2010 7:31:29 AM
From: RockyBalboa  Read Replies (1) of 71447
 
a sequel, GBPEUR moved to below 83.50 and traders talk 80p for the EUR. But todays move is fast and far with 2% and no active buying in the cable despite it tried to bounce to 1.46.

By the bell, the cable could see a big drop because the dollar is much in favor. Give it like 5 hours, at noon the world could look different. Reshorted it at 1.458 should not go far over 1.46
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