USD Strong Thesis Echoed
After the eventful week that passed, the internet news is now abuzz with theses echoing my own. Some interesting articles from DailyFX that I found: Bullish USD There is another means for the dollar to maintain its bullish projection; but it would be far more difficult to muster. If the world’s reserve currency was able [...]
Posted at 12:49 pm on August 9, 2009 | leave a comment | Filed Under: Forex, Macroeconomics | read on
Underlying Premise Asserted
Lifting my GBPJPY hedge before Wednesday and bolstering my existing dollar longs and european shorts was a timely maneuver as the US payroll and unemployment numbers as well as (I suspect) Swiss and ECB interventions brought both the franc and euro, and squaring off all my existing positions to the profit side. I feel mildly vindicated [...]
