Monday, September 10, 2007

Emerging Markets remain bullet proof

It is amazing to me how well Emerging Markets have held up. I have not been brave enough to hold a position in the region for any sustainable amount of time and therefore I have only been buying tops and selling bottoms. I remain relativly neutral in terms of position taking now as I have no strong conviction. But it does seem to me that one of my over riding theories, that of positive carry, has a large impact on the ability of certian EM currencies to with stand the meltdown (Try,Brl to name two).

The Euro looks almost certain to test 1.4000 in the next week of so.

Good Luck and Good Forex Trading.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home