Risk reverals in the EUR/USD have hit an extreme level. The 25 delta 3 month risk reversals are at the highest level since June 2007. Whenever risk reversals hits critical levels, it indicates that everyone who wants to be long euros are already long and as a result, sentiment has hit an extreme. [...]

Posted in Bernanke, dollar intervention, forex blog, risk reversals eurusd 2 Comments »

It’s a super busy day, so I haven’t gotten a chance to really blog about the markets. However so far oil prices are down $6 a barrel - for $13 over the past 2 trading days.
I wrote this post on How Far Could Oil Prices Fall? last week, which is quite applicable to [...]

Posted in Crude Oil Prices No Comments »