Tuesday, January 17, 2006

WATCH OIL !!!!!!

This is the key to the current markets (in my opinion at least) Oil Prices. They were up over two dollars per barrel today. This WILL hurt Asian Currencies. Latest reports has the Bank of Korea buying 4.3 bio usd over the last few weeks. Seems to me they are in a very good position to benifit from a runup in dollars (weakening of thier currency). I have cut all my dollar shorts against Brazil and Mexico (small long dollars now) and will look to exit short dollar Chile and Argentina tomorrow. Currently I am also long dollars agains the Yen.

Market is nervous so be carefull

These are the FX TRADING IDEAS for today.



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