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Short Euro Bitchez! (but not today)
I'm Standing at the cross roads.. tired of standing by myself..
What a job CB's have. An impossible battle.
I believe, as opposed to some here, that Forex will make the biggest millioners/paupers when the big move finally comes.
Meanwhile, the SNB/ECB/FED(up) dance continues, apace.
Happy trading, though if I were you, I'd sit this time out.
Get some metal!
SNB is now the world's 2nd largest (totally unhedged and unhinged) hedge fund
FRBNY is, of course, still #1.
My guess is the SNB is buying the dollar with euros so they can pay back a bit of the double secret swap facility with the Fed.
Looks to be a day for watching the FX crosses as the speculative imbalances continue to grow.
DOW daily chart posted at blog, showing two megaphone wedges . . .
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