Anybody Want to Talk About Forex?

Quote from contra:

"Merkel & Hollande are to meet Tuesday, raising hopes for a break through in debt crisis. Merkel comments she supports Draghi/ECB's conditions for support"

that was Friday, and that caused some movement but can we really expect a big breakthrough here?
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Meeting on Thursday, which is why my DNT expires on Wed's NY fix.
 
Quote from oldtime:

yeah, you're probably right, you sure were the last time, maybe I'll swap out that short aud for some short jpy
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All may drop against USD, but my preference would be to short EURAUD heavy and short EURJPY. Both shorts should do very well this week. EURAUD gets the nod on size.


Short EURAUD > 1.184
Short EURJPY >98.2
Long USDJPY to 80 from opening tonight
 
Quote from atticus:

All may drop against USD, but my preference would be to short EURAUD heavy and short EURJPY. Both shorts should do very well this week. EURAUD gets the nod on size.


Short EURAUD > 1.184
Short EURJPY >98.2
Long USDJPY to 80 from opening tonight
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nice atticus. I took profit on my EUR/AUD longs Friday afternoon.

I like the EJ trade, but wouldn't a UJ to 80 hold up cross/jpy a bit? Maybe a retrace or consolidation on UJ would help the EJ short before an attempt at 80? I dont know...
 
Quote from contra:

nice atticus. I took profit on my EUR/AUD longs Friday afternoon.

I like the EJ trade, but wouldn't a UJ to 80 hold up cross/jpy a bit? Maybe a retrace or consolidation on UJ would help the EJ short before an attempt at 80? I dont know...
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It may, but I think the risk-off will flow to USD preferentially over JPY. USDJPY long will be the smallest allocation.
 
Quote from atticus:

It may, but I think the risk-off will flow to USD preferentially over JPY. USDJPY long will be the smallest allocation.
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got ya, agree on that.
 
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