Hey all,
im still pretty bearish on the euro as greece dept talks dont come to a deal yet and its been quite on the other piigs (i mentioned earlier).
Still bullish on aud, nzd and cad.
What changes on my bias is that i get bearish on the usd and jpy.
The usd has been performing pretty well in the past weeks, allowing new downside potential, i mean interest rate stay down what makes this currency n1 counterpart for carry trades, more far us keeps printing so why should it keep raising.
For the jpy, pretty much the same story except that i catched talks on a interst rate raise sooner or later, so i stay cautious.
Then there was this, euope has passed a oil embargo against iran, as things dont get better there im also taking hands on a gas long.
im still pretty bearish on the euro as greece dept talks dont come to a deal yet and its been quite on the other piigs (i mentioned earlier).
Still bullish on aud, nzd and cad.
What changes on my bias is that i get bearish on the usd and jpy.
The usd has been performing pretty well in the past weeks, allowing new downside potential, i mean interest rate stay down what makes this currency n1 counterpart for carry trades, more far us keeps printing so why should it keep raising.
For the jpy, pretty much the same story except that i catched talks on a interst rate raise sooner or later, so i stay cautious.
Then there was this, euope has passed a oil embargo against iran, as things dont get better there im also taking hands on a gas long.
.
