short USD, long EUR and CHF

Discussion in 'Forex' started by KS96, Sep 19, 2005.

  1. KS96

    KS96

    ...and hold until the end of the year.

    current:
    USD/CHF 1.2773
    EUR/USD 1.2151
     
  2. Marketfox

    Marketfox

    Can you elaborate on how you came to that conclusion?
     
  3. KS96

    KS96

    Price action. Seems like the market is kicking out the
    last weak USD shorts (and trapping new longs),
    especially against EUR and CHF.

    Also, Gold and Silver are leading.
    Still going up strongly, usually before a USD decline.

    I may be wrong of course, but this is my call for the week :)
     
  4. Of course. First you said to hold til the end of the year. Now it is your call for the week.
     
  5. KS96

    KS96

    Call for the week, and let's hope until the end of the year.
    Let's take it day at a time... :)
     
  6. Marketfox

    Marketfox

    I guess we'll have to wait and see. Thanks for the insight.
     
  7. KS96

    KS96

    I have been building positions in EUR/USD and USD/CHF
    in the last 16hours.
    When I finish, I will let you know my average entry prices.
     
  8. Marketfox

    Marketfox

    IS there any chance that the EUR will rise higher today?
     
  9. KS96, do you keep your positions overnight?
     
  10. I tend to only trade ona very short term bais so anything I say should be read with caution.

    However between now and the end of the year billions of dollars have to be repratiated to the States by US firms, following the tax amnesty.

    For the dollar to weaken against this back drop will be very difficuly.

    2006 is a different story though.
     
    #10     Sep 19, 2005