Kamis, 17 Juli 2008

Dollar Strengthens More! --IFCN Wk 32 -Thu- Equity: $707.07

The Gbp/Usd is the only FirstStrike trade still working. It definitely looks like one of those weeks where the early profits get drained away. Oil has been falling precipitously, along with grains and other main commodities.  Continuation of these factors will be bearish on the Eur/Usd and bullish for the dollar. Why? Perception of the currency policy makers. We'll see if it works out that way

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