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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (4178)	6/27/2001 11:07:16 PM
From: John Pitera	Respond to of 33421

HI Louis, your post is exceptionally good, particularly in outlining the Eurocurrency outlook from the European perspective, which is always very important. As I'm sure many know the London Foreign exchange trading Market is the largest, deepest in the world, even greater than the New York or Tokyo time Zones. Europe, and especially the London banks and I mean all of the global banks that trade in the different time zones do big volume and cross currency trading and cross currency rate trends tend to be governed out of London. undoubtedly Britain still has reservations about joining the common currency. Since we're talking FX, one of the more interesting things that's happened the past 2-3 months has been the relative outperformance of the CAD. John