Friday, September 24, 2010

Over-Night Recap: Sept 24, 2010

Inter-market dollar correlations remain strong as ever:

With over night trading FX markets saw dollar weakness across the board continue.

Early morning crude saw jumps in prices in Dec contracts. While equity markets are enjoy three month higher highs from the dollar weakness.

The SPX has enough room for high 1150's and low 1160's remain bearish. Given the continued upward momentum in equities the dollar weakness may persist longer than we have expected. Now would be a good time to get some partial hedges over the coming days.


Alexander T. LĂȘ

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