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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: futures speculator who wrote (36741)	7/23/2005 10:04:03 AM
From: Condor	Respond to of 110194

That Friday blink is not YET a measure of anything that I would make longer term projections on. There are many wavy days on a lake but they are still essentially flat. I have followed the CDN $ closely for many months and Friday was no big deal but merely a typical undulation. Of course, perhaps the US $ will be remain the currency of choice regardless of interest rates as it has been forever. C

To: futures speculator who wrote (36741)	7/23/2005 10:44:28 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

<explain the counter-intuitive 1% rally in USD against ALL Majors and the rally in US bonds on Friday?> The Chinese very well could have been in the market intervening and coordinating the initial phase of their revaluation, as a demonstration. Judging from FCB activities of late, they appear to have built up undeployed (to the traditional Treasury and agency market) USD reserves that would be available for this. More perverse behavior coming if so, and if they persist in holding the line at only 2%. <Will big terror attack in Egypt trigger another strong stock rally Monday?> Chance to get the VIX down to 9. <ng>