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

To: Giordano Bruno who wrote (4002)	2/7/2008 9:06:14 AM
From: Real Man	Read Replies (1) \| Respond to of 71456

Scared carry traders afraid to take advantage of 100 bp. rate differential. Derivatives melt. Unless stocks CRASH here, we should see the buck much lower on a bounce.... IMHO. The big dilemma for Ben is coming: Should we save da buck or da banks?

To: Giordano Bruno who wrote (4002)	2/7/2008 9:11:32 AM
From: RockyBalboa	Respond to of 71456

US initial claims 356k (342k cons) total jobless 2785k (2715k cons) .. at one point groundwork for a EUR rebound is laid. but... so far EUR traders stay far far out. Message 24286290 As earlier: "This does not bode well for the Euro currency and together with an ugly chart reading the plot thickens for a flag breakout (to the down side), much like we saw it in 2000. He adds, only the timing depends on whether the ECB succumbs to rate cuts. The Euro could come down sooner or later. Traders just look for catalysts and whether stars (carry trades, yield differentials and the USD level) align. "