Thursday, May 11, 2006

Markets Wobble

Brazil and Mexico markets took a bit of a hit today as Pimco came out and said that they were going to cut EM debt in thier portfolio's. This gave Usd/Brl an increased boost feeding off the bid nature of the market from yesterday. I have squared up my short dollar positions in Brazil (at the highs) Mexico (at the lows) and will need to re-examine the markets.

These markets have not been easy for me. Even with a clear trend (weaker dollar) I have been unable to make any real money. Fustrating to say the least.

These are the FX Trading Ideas for today.



Blogger Banker said...

Do you think that the current market conditions will continue?

3:48 PM  
Anonymous Anonymous said...

Will the Fed Pause in August

3:52 PM  

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