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


To: ggersh who wrote (21529)7/27/2009 9:10:48 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71412
 
In addition to treasuries there is decent pressure on libor rates. I think a trade like in May could do the trick when it fell 50 points in a few days.



To: ggersh who wrote (21529)7/28/2009 6:57:08 AM
From: RockyBalboa  Respond to of 71412
 
Traders tried EUR 1.43 again today, raising the bar a little bit. I can imagine that the chart looks like a compression; volatility in the pair is way down.

A breakout possibility in the next few days exist. This looks like a nice arrow up.

That also raises the bar to watch for a possible breakdown. It should practically not correct here, except for 20 pips or so.



To: ggersh who wrote (21529)7/28/2009 7:17:10 AM
From: RockyBalboa  Read Replies (2) | Respond to of 71412
 
Commodities, ags show signs of a turn, corn which is very stodgy recenly show signs of life at 3.25 / 3.35; I could try also some wheat with a stop slightly above $5, currently 5.25 (but this is the weakest one, with an ugly chart).

Thanks to oil, soy is perhaps the best spec with some "vacuum room" 90c up (to 11.25)



To: ggersh who wrote (21529)7/28/2009 8:15:10 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71412
 
Oopls I didnt call for a correction, but writing is on the wall; the ECB lauched some QE missile today buying European treasuries up and wekenening the EUR.

No trader could sell that kind of currency in one hour.

Since that broke that ST support, the next major one is 1.4165, looks like it is trading out the full channel.