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

To: Hawkmoon who wrote (8120)	8/16/2007 6:49:47 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

The currency markets are in the most turmoil that I think I've ever seen. The Yen carry trade has been unwinding with much more rapidity than I have ever seen before. It's hard to believe that NZD was at 79 cents less than a month ago and has fallen to .6750, the AUD from .8870 to .7850 the GBP/JPY has fallen from 251 to 225 and the 40% of the fall in the above markets has been in the last 3 or 4 trading days. All of this huge movement in the currencies is very destablizing. We see the Central banks coming up with steps today and tomorrow.