Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST! -- Ignore unavailable to you. Want to Upgrade?

To: CapitalistHogg™ who wrote (140)	6/7/2007 1:48:34 PM
From: RockyBalboa	Respond to of 247

Amazing day, this is a triple whammy. DAX, EUR, Carry trades (and the treasuries of course). Something has blown up...

To: CapitalistHogg™ who wrote (140)	6/13/2007 9:42:19 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 247

The EUR is looking downto 1.32 as suggested by other traders. But the persistent Yen weakness means that the carry trades do not budge. The Yen turns out to be total dog... the recent bottom which also led to selling in crosses has not been the bottom. Particularly the GBPJPY is at 242 a level which rather suggests a breakout towards 250 if the current selling campaign ends. And stock markets at least provide a Euro friendly environment. Looking to take off the sold EUR positions on any mini reversal, but i think improvements on the bond side must lead this reversal not stocks.