Another reason to be very careful getting long EUR/USD, cable or AUD/USD at current levels. USD shorts are at their highest level in almost a year, although not yet at extremes. Overall JPY positioning has flipped from long to short and the big unwind in GBP short positions has gained pace. EUR, AUD and CAD longs continue to increase. In other words, the carry trades are back in vogue. This trend has been ongoing for about three weeks so it is not yet getting close to ripe.
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FX speculative positioning: USD shorts on the increase
June 15 2009, 2:46am | Comments »
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Indian Stock Market: Forex reserves increase from tourism
Forex reserves increase from tourism. Government has earned more foreign exchange from tourism in May this year as compared to the same period during 2008. Foreign exchange earnings from tourism were Rs 3249 crore in May this year as ...
Indian Stock Market - http://freemanstrikes.blogspot.com/
June 7 2009, 5:46am | Comments »
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