Tuesday, April 21, 2009

Dollar

I think the Dollar goes even higher here...just a feeling. Also, just seems like everything versus the Greenback is at a tipping point.

The Euro against the Greenback has had a big move down. So, rather then chasing (another) position here, I placed a limit order to sell more, but generously below support (1.29763).


The Ozzie against the Greenback just broke a big trendline.

Canada just lowered interest rates, which obviously lowers the demand for the currency (the Canadians happen to be a big Gold producer too.)

The Sterling also looks weak. Of course if equities go up tomorrow...

Shorted 1 lot AUD/USD (intermediate account) and 1 lot Sterling/US.

No comments:

Post a Comment