There has been a lot of chatter this morning about how non-commercial or speculative euro positioning turned positive for the first time in 8 weeks. But some people may be wondering, what does this really mean? To answer this question, I put together the following chart. The Green Line is the EUR/USD and [...]

Posted in 2011 euro forecast, euro 1 Comment »

The EUR/USD has enjoyed a tremendous rally today thanks to weaker U.S. economic data, hawkish comments from ECB President Trichet and successful bond auctions in Spain and Portugal. The rally in the EUR/USD is the strongest in nearly 3 months and has led many people to believe that the downtrend in the EUR/USD is [...]

Posted in 2011 euro forecast, eur/usd, euro 6 Comments »

What does this mean for the euro? Any rally should be seen as an opportunity to sell at a higher level.

The big story in the financial market today is Portugal - the next domino expected to fall. According to a poll conducted by Reuters, 85% of dealers expect Portugal to receive a bailout. [...]

Posted in 2011 euro forecast, euro, forex blog, sovereign debt crisis euro, spain crisis No Comments »

Down baby, down. Who said 1.30 is not possible (Not me - Bearish euro calls)? Trouble begets more trouble. As I said on my twitter feed twitter.com/kathyliefx no one wants to own euros. Irish, Portuguese and Spanish 5 year CDS spreads have all widened (What are Credit Default Swaps?). I expect more [...]

Posted in eur/usd, euro, euro oil No Comments »

I have received alot of notes on my bearish AUD, EUR and CAD calls, so here is a quick update. If you missed the call, I’ve copied all the info below. Updates in RED.
1) Short EUR - Looking good. Would be smart to take off half here, still looking for [...]

Posted in Australian Dollar, Canadian Dollar, eur/usd, euro, forex blog 3 Comments »