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Guys waiting for QE3 to cause a dollar implosion and gold explosion finally stopping themselves out…
Look at USD/CAD. More than likely the strength in that pair is as a result of the heavy demand for the dollar index from macro funds. Lower oil and metals are surely contributing as well, a further manifestation of the QE bet going bad.
The ironic thing is that QE only becomes more likely as another round of global contagion is unleashed…
But technicals and flows being what they are, most guys can't hold a position forever and are heading for the hills.
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That Giant Sucking Sound? 0 comments
Guys waiting for QE3 to cause a dollar implosion and gold explosion finally stopping themselves out…
Look at USD/CAD. More than likely the strength in that pair is as a result of the heavy demand for the dollar index from macro funds. Lower oil and metals are surely contributing as well, a further manifestation of the QE bet going bad.
The ironic thing is that QE only becomes more likely as another round of global contagion is unleashed…
But technicals and flows being what they are, most guys can't hold a position forever and are heading for the hills.
http://www.forexlive.com/blog/2012/05/15/that-giant-sucking-sound/
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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