Wednesday, September 05, 2007

Doing as little as possible

I see no reason to take unnecssary risk. Short term dollar rates are very bid and as such it seems that the Fed will have to react at some point. An inverted curve, such that we have now, is in my opinion a remedy for an economy to come to a grinding halt. As I said yesterday, the Euro should trade heavy until the Fed cuts. Then I look for it to make new highs. I am currently small short.

From the stratagist that I talk to it seems they are looking at a short Gbp position as a favorite. I havent really looked at it so I do not have an opinion right now.

Good Luck and Good Forex trading.



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