Very Interesting open this morning. I have an open position on the EUR and it seems we are seeing Dollar up and Equities up.
Now I know this is only a intra-day, but we saw a similar dynamic back in the first week of Dec. It will be interesting to see if this will re-correct over the next few days back to Dollar down and Equities up.
If this Dollar up Equities up, keeps up perhaps markets are finally pricing in different fundamentals or we are seeing a divergence in monetary policies in the currency realm (USD relative safe heavem; flight to quality;? people pricing in early interest rakes for next year 2010?). Next week will be an interesting week.
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Alexander Lê
Analyze Capital
Managing Parnter
Email: le.alex48@gmail.com
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