The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (29203)	7/12/2010 11:09:06 AM
From: RockyBalboa	Read Replies (1) of 71426

Not yet. GBP recovered a lot today. It ran against some support close to low 84c vs. the zero as well but this also reversed. Pound is strongest after USD, Yen but EUR is weak and CHF weaker. Hedgies rotating out of a 2-week trade? Today, things look up for the pound after in-line GDP numbers. full cent recovered even while the EUR tanks and stays there. But I am on alert mood. There was a mini-rallye in various Ag´s especially wheat a bit like before, sugar towards its delivery. But these things are in supply aplenty and perhaps I found a viable short in wheat at 5.4 (and Corn at 3.8). Sugar had a rally from 15.4 to 17.4 but chart looks tired. Some fx guys from Mizuho called the EUR at 1.28 by the end of this week. Pfft. For this the USD needs to take 83, but I do not see how. Today´s gainer is perma-dog, YRCW on positive "adjusted" ebitda. Why they didn´t roll back the stock 1:100 before, is beyond me. Then, there´s a serious back-to back bounce in fannie and freddie. All told, a very healthy market. Edit: bought some Euros, for sports.

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