EUR

macrosam what makes you think it'll go as high as 1.38? I think 1.3640 max (Ashraf has already advised that 1.3540 is now new resistance). Must say I'm surprised by the strength of the Euro advance today, but short term relief rallies like this allow you to increase the short position, I'm still short, expecting 1.30 by end of April/May time.

This short-term bounce in the Euro vs $ doesn't look sustainable to me

Ashraf, do you monitor short-interest and how often do you take it into consideration? For example, during this recent countertrend rally from the high 1.32s to the mid-1.35s, would you expect/look for a reduction in short-interest? How would you interpret a reduction, or an essentially unchanged level in relation to forecasting the recent covering rally?

Thank you!

Month-end extension duration buying in the U.S. putting in a bid for treasuries, should subside by 3PM EST.

Dear Mr Ashraf, since about your forecast very execellent, I would like to give opinion that you could start to open up to a speciality for member and its chargeble. Your forecast is very the best.