Mongo,
Good post as always.
You may be right about the upside of the USD, but I think it's going to be one big bull trap.
Look at the COT reports for last week when price was at a similar level.
http://www.commitmentoftraders.com/reports.htm
NYBT - short form.
The commercials are net short the USD. So any break higher will see the fundsters/price chasers burned big time, as they have been racing to short the Euro over the last couple of days only to see it rebound 300 points.
The big guys know something about the USD that we don't, otherwise, they wouldn't be shorting it. Not just shorting it, but doing so in SIZE.
Mongo,Good post as always.You may be right about the upside of...
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,921.3 |
Change
60.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,861.2 | 7,938.3 | 7,861.2 |
| XJO (ASX) Chart |