I know you are a technical trader, but the fundamentals support your position. UK interest rates were just lowered by .25 but they are still at 5.25% while the EU is at 4% and the US is now 3%. Trichet may be able to keep the EU rates high for awhile but the signs are pointing to not only an economic slowdown in the UK but also a period of real estate deflation so continued lowering of UK rates is to be expected as this time.
Agree. Even though it seems like price wants revisit the 1.990 area before it resumes it's bear journey. I am not short but will open a short position when price gets there. The AUD has held up pretty well thanks to strength in the Australian economy. Not sure how long those good numbers will last though.
All trades still active except for short Aussie. A few posts back I posted that I had exited that. Also, the March Nat Gas was rolled into the April contract.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1882184#post1882184 Looking to get short Euro fx when I get stopped out of my long euro fx. I am using a sell stop to initiate the trade.
Looking to get short May Crude at 109.00 on a sell stop. Looking to get short June Gold aT 925.50 on a sell stop.