The US, China and Europe are interlinked in such a way that their self interest is served with the unity of the EURO.
China exports a major portion of its goods to the EZ, and a break up of the EZ will lead to a massive revalutation (usually a downward revaluation) which would hurt China's export economy.
In the FX world, currencies are opening weaker relative to the USD. It seems as the consolidation phase of last week has ended. I will look to short the risk currencies this week, and stop my itching fingers from pulling the trigger too quickly while I am bored or when the market is consolidating.
Patience has always been the key to the success of a veteran warrior.
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