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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2670)11/29/2007 9:11:01 PM
From: John Pitera  Respond to of 71479
 
those couple of positions are limping along in the direction I was kind of ruminating on. I did not think the Eur could blow right through 150.00 so it made sense that the USD/JPY had to strengthen for the Eur/JPY cross to advance.

But really if we knew the US market would rally then that would indicate these kind of moves. I'll actually back out what I think will happen in US stocks based on what I am expecting in the currency crosses and the US Yield curve.

I really think the US equity market is typically reacting to what is happening in the larger capital markets.

on the other hand AUD rally and CAD both kind of anemic, but of course Crude has plunged this week taking some of the sparkle of them as commodity currency beneficiaries.

John