21 July 2010

EUR/GBP : Short Again

  • Last week high in EUR/GBP = 0.8461. Sold again last night at 0.8450 on way down after seemingly to have topped out for the week at 0.8532.
  • Apologies for late posting. Down with flu.
  • Shorting EUR remains one of core ideas here. Question of picking counter-currency which causes least pain if wrong.
  • Outright short EUR/USD a bit dicey still. By default, my long Gold position = short EUR based on current correlations.

No comments: