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

To: ggersh who wrote (22796)	9/19/2009 6:24:23 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71456

yes but the xxxs are not in focus as the $ is and could really lash out. After traders pushed the yen as far as 90 in such a short timeframe anything is possible. EUR GBP 1.0 - I wouldn´t want to write an option on this right now. Hint - one to watch is EUR/CHF. The swissie could try 1.00 vs USD in the next few days. If not accompanied by the EUR, this means 1.50 for CHF/EUR, the SNB intervention level. There was a very brief excursion of the EUR CHF into the 1.52s range but that sold off as the Swissie strengthened again. I feel that the pound is becoming a perennial dog. It fails to rise in generally weak $ times as we see it, and it could come under pressure on $ strengthening if the crosses do not correct accordingly. So after a strong fed that could break 1.60. I wonder whether short term traders like to change gears and send it spiking (and scalp a few points when it does) but so far it does not look so, and the BOE is still telling traders: go away. >>> From December but we are approaching the same: Message 25271908