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Posts by "elitejets"
5 Posts by member
elitejets
(Toronto, Canada)
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Market is jittery now because no one wants to be short USD going into the G20
Whenever they have tightened before they never just did it once, they did it gradually in stages.
I think we retest the August highs. The sentiment for the dollar is the worst it has been since December 2009 (only 3% bullish) and price is higher. October CoT data showed biggest dollar short bets (30bln) since June 2008.
There are too many people on one side of the boat, positioning is too extreme - there is likely to be a short squeeze in the dollar.
I promise to cheer for Algeria for you
In return can you take a look at the Baltic Index ... down 38% and 17 days in a row ... whats up with that, is it a disconnect?