I know you are a technical trader, but the fundamentals support your position. UK interest rates were just lowered by .25 but they are still at 5.25% while the EU is at 4% and the US is now 3%. Trichet may be able to keep the EU rates high for awhile but the signs are pointing to not only an economic slowdown in the UK but also a period of real estate deflation so continued lowering of UK rates is to be expected as this time.
Eclectic
- Thread starter Buy1Sell2
- Start date
Agree. Even though it seems like price wants revisit the 1.990 area before it resumes it's bear journey. I am not short but will open a short position when price gets there.
The AUD has held up pretty well thanks to strength in the Australian economy. Not sure how long those good numbers will last though.
Quote from Buy1Sell2:
Staying with full position long Yen, Short Aussie and Pound Futures. Staying long 10 yr notes, long March Natural Gas, Short March ES.
All trades still active except for short Aussie. A few posts back I posted that I had exited that. Also, the March Nat Gas was rolled into the April contract.
Congrats on your Natty trade. Beautiful..
http://www.elitetrader.com/vb/showthread.php?s=&postid=1882184#post1882184
Looking to get short Euro fx when I get stopped out of my long euro fx. I am using a sell stop to initiate the trade.
Looking to get short Euro fx when I get stopped out of my long euro fx. I am using a sell stop to initiate the trade.