Monday, October 12, 2009

Market junctures

Equity markets don't seem to wanna quit with retractions shallow . Thereby giving eur a bid tone. Bet many looking for some slide in the eur . The eur has been having tired legs up where it is for a while as i reckon there must be some structure putting a lid on it. Commodity ccys continue to outperform as the next stage of "recovery" being digested. Been long the softs since a week ago and sitting nicely. hey am just a hitchhiker -)) Asian ccys remain strong while the global markets debate the future of the usd. Rhetoric has been the cause of much of the volatility in the ccy moves . Whose next in the int. rate uptick ?

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