Extremely frustrating day. Central view of higher USD spot on but looks like I have structured the core book incorrectly. Too much of short USD/JPY in place as a hedge. Thus, while core short EUR+GBP correct today, much of those profits eaten up by JPY losses.- Monthly : Nearing 50% retracement level of the decline since the equity bottom in Mar09, but no reason to see the rally stopping here.
- Weekly : Pop above 81.34 => next up 82.63.
- Daily : Very positive development today.
- Need to re-configure my hedge ratios.
24 March 2010
USD Index : Strong Uptrend Continuation
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