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Shoot the Bull - Currencies
- Thread starter usdBull
- Start date
Excellent discussion on EURUSD here in Chinooks mumblings....
http://elitetrader.com/vb/showthread.php?threadid=36891
http://elitetrader.com/vb/showthread.php?threadid=36891
13:48 EUR/USD: Holding Steady Ahead Of Data - C/B Purchases Noted] New York
August 23. EUR/USD is trading in a 1.28 15-25 range as moribund markets mark
time. Dealers noted that smaller European central banks had been seen at the
lows yesterday snapping up a few bargains, and were present again on dips this
morning - but volumes were reportedly modest. News that a large US investment
bank bought a 1 bln EUR 2-wk call yesterday also helps explain the EUR"s
resilience - its a pretty big bet to get wrong. Other large US investment houses
have been reportedly buying 1.30 and 1.31 strikes in size - with maturities
slated for Sep 6 - rumours are that over EUR 4 bln have been purchased over the
past couple of days. Which is quite interesting because the Euro isn"t really
doing that well with such vested interests at play - wouldn"t a big home sales
number really throw the cat amongst the pigeons? With Chicago long EUR in good
size, and the US investment houses long EUR call options in good size - the
salient question seems to be who else needs to buy them? I guess we will find
out after the number.
August 23. EUR/USD is trading in a 1.28 15-25 range as moribund markets mark
time. Dealers noted that smaller European central banks had been seen at the
lows yesterday snapping up a few bargains, and were present again on dips this
morning - but volumes were reportedly modest. News that a large US investment
bank bought a 1 bln EUR 2-wk call yesterday also helps explain the EUR"s
resilience - its a pretty big bet to get wrong. Other large US investment houses
have been reportedly buying 1.30 and 1.31 strikes in size - with maturities
slated for Sep 6 - rumours are that over EUR 4 bln have been purchased over the
past couple of days. Which is quite interesting because the Euro isn"t really
doing that well with such vested interests at play - wouldn"t a big home sales
number really throw the cat amongst the pigeons? With Chicago long EUR in good
size, and the US investment houses long EUR call options in good size - the
salient question seems to be who else needs to buy them? I guess we will find
out after the number.
Mr. Rogers Neighborhood. Will she pull back to the green line and zoom or will parabolic tendencies give way to the real world?
This is a personal favorite. The right call here could make or break your dreams of being a billionaire.
Commodities are headed down, down for a good while. Once China gets its hands around things a little better then Mr. Rogers can put in a swimming pool.
---usdBull
This is a personal favorite. The right call here could make or break your dreams of being a billionaire.
Commodities are headed down, down for a good while. Once China gets its hands around things a little better then Mr. Rogers can put in a swimming pool.
---usdBull