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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
The only thing that is wrong is your take on the EUR. Sentiment vs the EUR reached absurd levels and now we are seeing the short squeeze.
The yield differential tide has turned in favor of Eur .... perhaps vs UK gilts eurobonds are the lesser evil? Japan China buys Eurobonds even Russia ( financed with euroloans) ... next Ca buys eurobonds with municipal loans as CDO?
Sumthin is wrong here.
On EU I tightened my stop to few ticks below the channel support as I had to leave the office and didnt want to give back much on remainder of position, so flat now and not felt like a re-entry.
Tell me please, where is the top of your channel resist as of today, approx ?