The EURO

There are times when it is that simple.

 

Is this one of those numbers games where you try to guess the pattern to determine the next number?

 

Small specs, who shorted EC after funds absent following GDP, now getting out ahead of FOMC and SOU. I'll wait for funds to show hand in Wednesday London session. Highly likely funds will buy EC in size. Still long silver going into FOMC; if funds pile into EC tomorrow, silver will easily take out $10.10.

 

Are you guys buying the Euro at these levels? Guess I am a little surprised although not really. Seems like a lot of longs that just possibly could have to un-long.

Maybe not, but maybe.

 

I bought pound, nzd and aud against the dollar yeasterday...

and added today...

 

You're right. If you read today's "Currency Currents" by Jack Crooks, you'll see the speculative position against the dollar has reached "extreme dollar short" levels. That usually signals a reversal could take place suddenly (meaning down).

 

I wonder how this Jack Crooks knows the net spec position on Citibank's and Bancamerica's order book; I didn't know banks gave their customers' positions to any reporter from any rag.

 

He's not a reporter. So go ahead and email him and ask him

Until then, drink your tall glass of STFU and stop spamming my thread with your stupid "know-it-all" commentary. No one wants you here, and you're always wrong.

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“Data late Friday from the Chicago Mercantile Exchange suggested the dollar could easily add to its recent gains.

“The data showed that as of last Tuesday, speculative investors held a net short-dollar position of $8.2 billion, compared with a $5.1 billion short position the prior week, according to a research note from Robert Sinche, chief currency strategist at Bank of America.

“Analysts say that the more extreme bets in favor or against a currency are, the more chance there is of a rapid reversal in the currency's direction."

 

Thanks again to Ivan for pointing out my winning trades. Ivan admits he trades off information from dubious sources. I won't post here anymore: you're hopeless and repulsive. This thread belongs to this site's owners, not you. I post here, because I get emails whenever someone posts here. In other words, you irritate me.

 

Thank goodness. If I didn't irritate someone as hate filled and racist as yourself, I know I'd have to question my own beliefs.

Bye now.