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Yield spreads of PIIGS' bonds (compared to the 10yr Bund) are starting to blow out again - Portugal, Italy, Spain spreads at all time highs since the EUR came into existance. Uh oh. And then there's this...

Move along now, nothing to see here ... http://www.france24.com/en/20100607-sarkozy-merkel-talks-cancelled-french-embassy Sarkozy-Merkel talks cancelled: French embassy AFP - Talks between French President Nicolas Sarkozy and German Chancellor Angela Merkel scheduled for Monday in...

Yep, everything's just peachy over in the EMU. It's all sunshine and blue skies. http://www.ft.com/cms/s/0/d18ce9d4-7226-11df-a0fd-00144feabdc0.html Political uncertainty disrupts Belgian debt sale ByDavid Oakley, Capital Markets Correspondent Published: June 7 2010 13:54 | Last...

Where do you see the Euro rising to in the event of a short squeeze? I don't see it rising much more than 200-250 pips on a short squeeze. On the other hand, there's this rumor (which, if true, would bring parity rather quickly): http://yrah53.wordpress.com/2010/06/06/job-like/ Fifth...

I closed out my entire EUR short just prior to market close today. I usually take a decent position into the weekend, but the EUR breaking through important support levels against the USD (1.20), JPY (110), and CHF (1.40) made the hair on the back of my neck stand up. The odds of a coordinated...

Doesn't matter; times change. It was a poorly thought out socialist idea of a united Europe. Savers and spendthrifts make for an ugly marriage. I can attest to that; my ex is a spendthrift. Things may look great during the mating phase but it almost always ends in divorce. The EMU was the...

I know that Germany returning to the DM sounded like tinfoil a month ago. How do you feel about it now? The average German is now talking about returning to the DM. Before the financial crisis in Europe is over, I think that the EUR no longer be used as currency...

This is getting rather interesting. There is a HUGE USD & JPY carry trade unwind going on, yet the EUR is holding somewhat steady against the USD. That means the EUR is actually moving up against the GBP, AUD, and several other major currencies. Any ECB intervention to hold the EUR steady...

WentFishing, your wish is granted. The EUR looks like it still wants to go higher. Opinions?

Wow, we're in roller coaster mode. This last pop was just after 8AM EDT based on a statement from the ECB where they were talking about intervention. Let's see if this pop can last more than 12 hours. The Swiss have been intervening to hold the CHF at 1.40 EUR. They must've bought EUR hand...

... this is why I try to avoid short term predictions. :D After going into the weekend moderately leveraged, I levered up significantly Sunday night; 14:1 with an entry of 1.2365, making the average on my position 1.26011. This morning, I was concerned about exactly what you wrote (I...

A bit sensitive, eh? Have you got a bit of sand in the taco? Vulcan Trader's statement was a future expectation based on data available to him at the time. He was correct. I'm not into TA but it's pretty easy to look at the EUR chart and draw a conclusion - absent intervention - where...

Sorry, when I refer to 9:1 leverage, it's short $9 worth of EUR to $1 in my account. The beauty of FOREX is leverage but it's a two edged sword. If your trade turns against you, you can get sliced to ribbons. Problem is, with the movements that the EUR has seen, large retracements are to be...

Not sure I understand your question. My only current investment - absolutely zero diversification - is that I'm short the EUR. While there's a lot of risk involved with lack of diversification, I've found that it maximizes profits and allows you to close a position rapidly if it turns against...

Which EUR are you watching? The one I'm trading has pretty much been monodirectional in the short term since Monday afternoon EDT, continuing the long term trend that it's been in since December.

Yeah, that's what I'm expecting - it looks like a pause in the 1.258-1.2595 range before pressing lower. I'm currently levered at 11.5:1 and want to cover enough to get that down to 5:1 before the weekend. I'll lever back up to ~13:1 on Sunday night barring unusual circumstances. I'll put in...

EUR just took another dump on rumor of more worldwide debt issues - specifically Dubai's debt. I've got a 1.2561 print at 0502 EDT. Dropped from 1.2677 at 0333 EDT. I had a limit order to cover some of my EUR short at 1.2551; I pulled it for now - I want to see if this stabilizes in the...

Mr Market is saying 'show me the money'. There's lots of chatter about margin calls going on which will keep causing large fluctuations across all asset classes. Talking heads on TV are calling the EUR short a crowded trade. BS. The carry trade is MUCH more crowded. And we're starting...

The EMU problems seem to have turned into a USD and JPY carry trade unwind. I expect both currencies to get considerably stronger if the carry trade unwind picks up a bit more steam.

NiN, it was a quick post-mortem on my trades over the last few days, looking at them in a 'perfect' set of trades. I must confess that it was a very stress-free weekend by sitting in all cash. I knew that the EMU increased the size of the bailout and was concerned that the formal...