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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (45967)	1/21/2001 2:01:31 PM
From: Sharck	Respond to of 57584

Just a few words in regards to the comment on the US dollar... As a currency trader for many years, I think it is worth mentioning that unlike equities, with currency, there is always a relative currency taking the other side of the trade. While I am presently short the Yen, I am so against the US dollar which I am bullish, but only against the Yen, at least for the time being. I actually have a cross, long the euro options, but not the Canadian dollar which I feel will lag the US greenbacks for a few months to come. In other words, the strength of the US dollar is only relative to another currency and then you are actually looking at the strength, re forward markets that currency which is simply a derivative of interest rates. The recent swing from a tighten bias all the way to a half pt cut suggests that either Greenspan was caught off guard and we are heading for a hard landing, or for the conspiracy lovers in us, this was all planned months ago.. Note for soup followers, I did call back in October that we would get continued interest rate hikes until just after the election and then switch full tilt to a rate cut, thus boosting the economy/markets right after the new president took office....