I am long commodities because of my thoughts regarding inflation. As for the highest carry, there is no such thing as carry anymore. Can I go now, or do I need to further justify my book?
I agree with that... Both Aussie and Kiwi are overvalued, in my view. But they just won't give up, in spite of anything that gets thrown their way. It's completely crazy in the world of rates.
Actually, looks like the potential short-term trend has changed '''slightly''' ever so slightly and needs a few more hours to analyze it But at this rate, it might be setting up for another 300 pip decline based on the potential disaster surrounding the bankruptcy (not declared yet) of CIT :eek: