Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
I trimmed half of my rather large short from 1.3080 and closed it at 1.2920 to hedge against event risk of the GDP number. Felt good taking 160 pips, even if it was only half the trade.
I think the EUR/JPY was definitely part of it. But I also think the reval talk is being hyped too much. It's going to take far more pressure for China to reval, at this stage in the game.
Check out more Jack:
http://www.blackswantrading.com/files/ba6faa6f1917c59/bsccc042705.pdf
I think the EUR/JPY was definitely part of it. But I also think the reval talk is being hyped too much. It's going to take far more pressure for China to reval, at this stage in the game.
Check out more Jack:
http://www.blackswantrading.com/files/ba6faa6f1917c59/bsccc042705.pdf
Talking heads: "we are hearing reports that an estimated 1 bil of 1 year 1.1000 EUR put/USD call options have traded"
Also, a few days ago some euro traded 1 bil of one month 1.2200 put options.
Must be betting on a french no vote. That would be a huge move, fast!
Also, a few days ago some euro traded 1 bil of one month 1.2200 put options.
Must be betting on a french no vote. That would be a huge move, fast!
Cashed out all of my short EUR positions - 200 pip profit on one half, 180 or so on the other. I originally had a target of 1.2815, but something about this weekend told me to cash out.
I continue to maintain that we'll be seeing the EUR drop because of perceived Fed action. But I'm out until the EUR breaks the 1.2775-95 area, or EUR rises to a point worthy of selling again.
I continue to maintain that we'll be seeing the EUR drop because of perceived Fed action. But I'm out until the EUR breaks the 1.2775-95 area, or EUR rises to a point worthy of selling again.