Four Trades For 2012: #1 Sell The Euro
Wait for a bounce, sell the euro, make money. Repeat.
That will be 2012 in a nutshell.
In the past two days, EUR has hit long-term lows against JPY, USD, GBP and a record low versus AUD. It’s a technical disaster.
The year ahead will be one crisis after another in Europe:
The economy will contract.
Greece is hopeless.
The ECB will resort to increasingly risky, dovish moves.
Today’s deficit numbers from Spain perfectly demonstrate the futility of austerity.
Any bounce of approx. 200 pips — on any cross (ex CHF) – is large enough to sell.
Whatever your trade, have a Happy New Year.
Wait for a bounce, sell the euro, make money. Repeat.
That will be 2012 in a nutshell.
In the past two days, EUR has hit long-term lows against JPY, USD, GBP and a record low versus AUD. It’s a technical disaster.
The year ahead will be one crisis after another in Europe:
The economy will contract.
Greece is hopeless.
The ECB will resort to increasingly risky, dovish moves.
Today’s deficit numbers from Spain perfectly demonstrate the futility of austerity.
Any bounce of approx. 200 pips — on any cross (ex CHF) – is large enough to sell.
Whatever your trade, have a Happy New Year.