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Prior to launching ForexLive, Jamie Coleman spent nearly twelve years at Thomson Financial as managing analyst of the institutional forex product IFR Forex Watch. In 2007, he left the Forex Watch team to launch a retail forex-oriented site which became the popular Reuters FX Hub. FX Hub fell... More
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  • Here’s the problem if you’re a euro bear… 1 comment
    Oct 27, 2011 11:27 AM | about stocks: FXE, UUP, UDN

    Is there less to this euro zone deal than meets the eye? Sure. There always is.

    Analyst are poking holes in it left and right and even the best laid plan often fall short when it comes to implementation.

    The trouble is, there was so much justifiable skepticism built into the market that it may take quite some time (and pain) before bearish bets payoff.

    The euro rallied sharply last week and again this ahead of the summit and many were happy to sell into that strength. Lots of those shorts have been covered now and traders will be reluctant to get burned on the short-side again.

    A far better bet would be to let the dust settle and for EUR/USD to form some sort of identifiable technical top before jumping back in on the short side of the market.

    Stocks: FXE, UUP, UDN
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  • nsaenz
    , contributor
    Comment (1) | Send Message
    Well put, Mr.Coleman. Thanks for the insight.
    4 Mar 2012, 09:51 PM Reply Like
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