This was posted on Auggie 21. Since that time I have been building a short position in the FX Futures Journal.
Will someone friggin dropkick this thing already so we can leave the weakhand shorts behind? Sick of this bogus tape.
Are you implying you want a race for 1.30? Perhaps trade numbers will do it? If not, I'm not sure what other aspect will influence today. Also strong vanilla expiry this morning at 1.27.
Trade #s came in @ record. USD didn't flinch. Interest rate players? Longer term USD bears mapping out major sell off strats? 2-cents higher by next week's end? Or, deficit already discounted? It's a traders' market for sure. Illiquid may just get his kicks. 1.2723 I
I gotta stop trading the european sessions . . . I was just implying that although the dollar wants higher, euro trades like a crowded short, not long as cot would imply. They are not giving away anything easily.
Perhaps guys don't want to move too far away from the "safe haven" (USD) with this Middle East deal still up in the air. Expect bad news. I
The embassy attack was foiled. And it was before the trade data anyway - didn't move much. Russia is camped out again at 1.2650 and 70.
That it happened is the point. Everybody's comfortably tucked in with the USD. For now. Ivanovich, don't bother trying to thwart the principle. Just put your stop losses in. Iconoclast