But then they rallied, not sure anyone knows what they are doing in the pits these days. When the bonds were heading down the morning the NQ (growth) was selling off, and the ES (cyclicals) were rallying. Go figure!
Thanks, it's an easier trade for electronic markets since you don't have to work the call and the put.
Checked the MOVE index yesterday, ya, we are definitely down there again, looks like some slow steady grind ahead, with a few bumps along the way...
I'm sorry - that was an off the cuff statement earlier. We all know better... especially me. My bad. I don't think BSB and G7 have different perspectives on USD, by the way. He just wants the decline to be orderly, as has been said.